Reviving a campaign pledge, President Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

President Donald Trump on Thursday called for the purchase of $200 billion in mortgage bonds in an effort to decrease home loan costs. Trump wrote in a post on Truth Social he is “instructing [his] Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS,

President Donald Trump has unveiled a plan to push down mortgage rates and improve affordability for prospective homebuyers, but experts say the costly proposal would have only a marginal impact on the U.

Trump's plan has already pushed mortgage rates down, but industry experts say they're skeptical of a long-term impact on housing affordability.

U.S. mortgage lenders and housing-related stocks surged on Friday after President Donald Trump ordered $200 billion in mortgage bond purchases in an attempt to bring down housing costs.

Freddie and Fannie have been growing their mortgage bond holdings in recent months, but the 30-year fixed mortgage is still above 6%.

President Trump says he is directing the federal government to buy $200 billion in mortgage bonds, a move he said would help reduce mortgage rates at a time when Americans are worried about home prices.

Trump said Thursday that he is instructing "representatives" to buy $200 billion in mortgage bonds, aiming to lower interest rates and monthly payments.