According to reports, on January 9th, Trump announced the launch of a $200 billion mortgage-backed securities (MBS) purchase program. This move directly addresses the current US housing crisis—30-year fixed mortgage rates remain high at 6.16%, making homeownership still costly.

Trump stated on social media that he has ordered relevant departments to purchase $200 billion worth of MBS bonds, with the goal of directly lowering mortgage rates. Bill Pulte, Director of the Federal Housing Finance Agency, confirmed to the media that the plan will be executed by Fannie Mae and Freddie Mac, and does not require Congressional approval—these two agencies happen to have a combined operational limit of about $200 billion.

Interestingly, this approach is very similar to the Federal Reserve's actions after the 2008 financial crisis. At that time, the Fed also stabilized the market by purchasing large amounts of MBS. But now, it is directly managed by the government. Although the Federal Reserve has already cut interest rates by 75 basis points, housing pressure remains a focus of US politics and the economy—especially today, with high inflation and rising living costs. This move can be seen as Trump bypassing the Federal Reserve, implementing his own version of quantitative easing through administrative measures.