Federal Housing Finance Agency Director Bill Pulte said on X that Fannie Mae and Freddie Mac will execute the purchase.
President Donald Trump on Thursday said the United States will purchase $200 billion in mortgage bonds, with the goal of bringing down housing costs.
“Because I chose not to sell Fannie Mae and Freddie Mac in my First Term … it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH,” Trump wrote in a post on Truth Social.
“I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote.
Federal Housing Finance Agency Director Bill Pulte said on X that Fannie Mae and Freddie Mac will execute the purchase.
The announcement comes after Trump on Jan. 7 said he plans on banning large institutional investors from purchasing more single-family homes in an effort to lower housing costs.
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing. But now … that American Dream is increasingly out of reach for far too many people, especially younger Americans,” Trump stated in that earlier post. “People live in homes, not corporations.”
He added, “I have no higher priority than making America affordable again.”
Over the past decade, private equity firms and investment companies have accrued large portfolios of single-family homes, contributing to high rent costs and increased home prices, according to Department of Housing and Urban Development analysts. Furthermore, data from the Private Equity Stakeholder Project as of April 2025 shows Blackstone owning more than 230,000 apartment units, with Greystar holding 138,000.
The ban on large investors is expected to face legal challenges from affected firms, though Trump has called on Congress to create a law banning the practice.
“I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks,” Trump said, referring to the World Economic Forum’s summit in Davos, Switzerland, between Jan. 19 and Jan. 23.
In December 2025, Trump pledged to unveil “some of the most aggressive housing reform plans in American history.”
The Trump administration has outlined multiple strategies to make housing more affordable, including the introduction of 50-year mortgages to lower monthly payments for buyers.
