Housing market affordability is so strained that Trump directs Fannie and Freddie to buy $200B mortgage bonds

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On Thursday, President Donald Trump announced that government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will buy an additional $200 billion in mortgage bonds.

Trump wrote:

“Because I chose not to sell Fannie Mae and Freddie Mac in my first term, a truly great decision and against the advice of the “experts,” it is now worth many times...