01/09/2026
Rates are down about .75 since this time last year. Could we see a more significant drop? If you have thought about buying this year then we need to chat!!
President Donald Trump announced on Truth Social that he is directing the federal government to purchase $200 billion in mortgage bonds, a move he says will lower mortgage rates and make homeownership more affordable.
Trump claimed Fannie Mae and Freddie Mac have $200 billion in cash to fund the purchases and accused the Biden administration of neglecting the housing market. He did not provide details on timing or how the purchases would be executed.
Mortgage rates currently sit at about 6.16%, but Realtor.com senior economist Jake Krimmel cautioned that the plan is unlikely to lower rates in a “large and sustained way.”
