Trump's $200 billion GSE order drove mortgage rates below 6% by March 2026, but resumed U.S.-Iran fighting erased those gains by July.
WTI crude surged nearly 10% in one day, pushing gas above $4 and driving Treasury yields higher, lifting mortgage rates to a wartime high of 6.75%.
Economists warn that draining the $200 billion GSE cash reserve could leave the housing finance system more vulnerable to a future downturn.
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On January 8, 2026, President Trump signed an executive order directing Fannie Mae and Freddie Mac to deploy $200 billion in existing conservatorship cash to buy mortgage-backed securities. The goal was blunt: narrow the spread between the 10-year Treasury yield and the 30-year mortgage rate, and push borrowing costs below 6%. For a few weeks, the math worked. By early March 2026, mortgage rates fell below 6% for the first time since 2022. Then the war got in the way.
#Iran
WTI crude surged nearly 10% in one day, pushing gas above $4 and driving Treasury yields higher, lifting mortgage rates to a wartime high of 6.75%.
Economists warn that draining the $200 billion GSE cash reserve could leave the housing finance system more vulnerable to a future downturn.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
On January 8, 2026, President Trump signed an executive order directing Fannie Mae and Freddie Mac to deploy $200 billion in existing conservatorship cash to buy mortgage-backed securities. The goal was blunt: narrow the spread between the 10-year Treasury yield and the 30-year mortgage rate, and push borrowing costs below 6%. For a few weeks, the math worked. By early March 2026, mortgage rates fell below 6% for the first time since 2022. Then the war got in the way.
#Iran
3 months ago
