President Trump has resumed social media posts backing housing advocacy, one of which is an online video promoting the "Great American Mortgage Corporations" branding for two government-sponsored enterprises.
The two promotional videos in the posts renew pledges that Freddie Mac, Fannie Mae, or institutions like them will lower rates, boost purchase applications and work with banks "so lending doesn't stop, capital keeps moving and people aren't locked out because their past wasn't perfect."
The GAMC branding, which was originally singular implying at the time a merger of sorts between Fannie and Freddie, has been associated with Trump administration exploration of
Broader policy signals around rates, GSEs
Trump also recently expressed a more general interest in lowering rates in a Truth Social post as independent officials have contemplated raising financing costs, with monetary policymakers citing pressure in the economy from high energy prices and U.S. debt levels.
Trump threatened to "stop trading with countries with which we have a deficit" if the policymakers overseeing the short-term fed funds rate don't lower it. His comments followed
A recent shift in industry forecasts toward higher rates have created a surmountable challenge for stronger mortgage companies, but the kind of pronounced economic concern that could lower them may be a bigger risk, according to Morningstar's DBRS midyear outlook.
"We expect credit performance to remain manageable, absent a weakening in employment that reduces household income and debt-service capacity," Morningstar DBRS's Shaima Ahmadi, assistant vice president, and David Laterza, associate managing director, wrote.
Trump said in his post about the jobs report that the United States is in "a much stronger credit than it was a short time ago" and that should warrant "a lower interest rate."
The U.S.'s traditional top triple-A ratings generally have dropped one notch in the past year amid deficit concerns. Treasury Secretary Scott Bessent has worked to put downward pressure on
The GSEs have worked to put some downward pressure on rates by purchasing mortgage bonds for their retained portfolios and also looked to
Fannie Mae and Freddie Mac's oversight chief, Bill Pulte, recently said he was near the end of a review of the two large loan buyers' pricing and
Fannie also reportedly
"I want to thank my wonderful team and all the other great professionals I had the privilege of working with," he wrote.
Accomplishments of the economic team in the past year under Palim's had been the addition of a weekly Purchase Application Loan Index in June, which served as a companion to a similar refinancing measure Fannie had established earlier.
