Administration indicated intention for Fannie Mae and Freddie Mac to purchase $200 billion in MBS to lower mortgage rates

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The President publicly indicated an intention for Fannie Mae and Freddie Mac to purchase $200 billion of MBS to help lower mortgage rates in early January 2026.

Source summary
The Treasury Borrowing Advisory Committee (TBAC) reported to the Secretary that U.S. Treasury yields were largely unchanged with stable domestic fixed-income markets, though global volatility (notably a rise in Japan government bond yields) and commodity/currency swings were observed. The Committee supported Treasury exploring issuance of a SOFR Floating Rate Note (FRN), and recommended keeping nominal coupon, FRN, and TIPS auction sizes unchanged for now while noting that FY2027 could warrant larger coupon issuance. TBAC highlighted market impacts from Federal Reserve actions (including Reserve Management Purchases) and data distortions from the October–November 2025 government shutdown that may affect upcoming inflation readings.
Latest fact check

Multiple credible news outlets reported that in early January 2026 President Trump posted on Truth Social instructing his “representatives” to buy $200 billion in mortgage bonds (mortgage‑backed securities) with the aim of lowering mortgage rates; CNBC, CNN and Reuters quoted the post and FHFA director Bill Pulte’s response that “We are on it” and that Fannie Mae and Freddie Mac would execute. Contemporary reporting presents the announcement as an administration intent for Fannie/Freddie to purchase $200 billion of MBS to try to reduce mortgage costs. Verdict: True — contemporaneous, corroborated reporting from multiple reputable sources confirms the President made that indication in early January 2026.

Timeline

  1. Update · Feb 04, 2026, 09:43 PMTrue
    Multiple credible news outlets reported that in early January 2026 President Trump posted on Truth Social instructing his “representatives” to buy $200 billion in mortgage bonds (mortgage‑backed securities) with the aim of lowering mortgage rates; CNBC, CNN and Reuters quoted the post and FHFA director Bill Pulte’s response that “We are on it” and that Fannie Mae and Freddie Mac would execute. Contemporary reporting presents the announcement as an administration intent for Fannie/Freddie to purchase $200 billion of MBS to try to reduce mortgage costs. Verdict: True — contemporaneous, corroborated reporting from multiple reputable sources confirms the President made that indication in early January 2026.
  2. Update · Feb 04, 2026, 08:36 PMTrue
    The Treasury Borrowing Advisory Committee report (Feb. 4, 2026) records that "In early January, President Trump indicated ... that Fannie Mae and Freddie Mac would purchase $200 billion of mortgage-backed securities." Contemporary reporting from Reuters, CNBC and the AP documents Trump’s Jan. 8 Truth Social post saying he was "instructing my Representatives" to buy $200 billion in mortgage bonds and notes that FHFA Director Bill Pulte said Fannie Mae and Freddie Mac would carry out the purchases. These primary (Treasury) and contemporaneous news accounts corroborate the claim that the President indicated the administration intended Fannie Mae and Freddie Mac to purchase roughly $200 billion of MBS to try to lower mortgage rates. Verdict: True — the Treasury report and multiple reputable news outlets confirm the President made that indication.
  3. Original article · Feb 04, 2026

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