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Trump directs federal government to buy $200B in mortgage bonds

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President Donald Trump said Thursday that he is directing the federal government to buy $200 billion in mortgage bonds.

“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump posted on social media.

The mortgage bond purchases would be made through Fannie Mae and Freddie Mac, Trump said.

Read more The Associated Press.

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