Mortgage rates fall to lowest level in more than 3 years
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President Donald Trump's suggestion that Fannie Mae and Freddie Mac purchase mortgage-backed securities is ill-advised, many experts think.
Mortgage rates fell 22 basis points after President Donald Trump instructed mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed bonds, or MBS. Analysts predict that $200 billion of MBS purchases could drive a 25 to 50 basis point drop in mortgage rates.
The White House is hoping to boost affordability for buyers, but critics see echoes of the pre-crisis risk for the enterprises.
What will an IPO for the government-backed mortgage godzillas look like? Commercial real estate has some ideas.
U.S. President Donald Trump's order for Freddie Mac and Fannie Mae to buy $200 billion in mortgage bonds raises doubts about their privatization plans, analysts say.