Economists warn Trump's $200B mortgage move could backfire, lifting home prices
Newsy
A $200B Trump plan to cut mortgage rates sparks debate as experts warn benefits may be short-lived and could drive up home prices.
President Donald Trump's $200 billion mortgage bond purchase represents a new approach to making homeownership more affordable.
The president has announced several proposals to lower mortgage rates without waiting for interest rate cuts from the Federal Reserve.
Among them -- directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds. Since his Jan. 8 announcement on Truth Social, mortgage rates have seen a small dip, but economists question whether rates will fall enough to significantly increase affordability.
Trump further outlined his proposed policies during his recent address at the World Economic Forum in Davos, Switzerland.
The Senate passed a bill to end lawmakers’ ability to skip airport security lines, sending the measure to the House for consideration.
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A federal judge agreed Friday to block the Trump administration from enforcing a policy limiting news reporters’ access to the Pentagon, ruling that key portions of the new rules are unlawful.
Taylor Frankie Paul must have no contact with and stay 100 feet away from ex-boyfriend Dakota Mortensen after a protective order was issued against the Utah reality television star Friday.
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James “Jimmy” Gracey, a college student from Illinois who was found dead after going missing while in Barcelona on a break, was likely the victim of an accident, Spanish regional police said Friday.
Clergy in Minnesota are suing ICE for access to minister to detainees at a Minneapolis holding facility, citing violations of religious freedom.
A reporter for a Spanish-language news outlet in Tennessee who contends she was wrongly held in detention for more than two weeks was released Thursday after paying a bond recently allowed by a judge.
Fireworks during a House Oversight Committee briefing with Attorney General Pam Bondi are raising more questions about her pending subpoena.
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