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Stock impact report

Trump Unveils New Strategy to Slash Mortgage Rates. What It Could Mean for Homebuyers. [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
It's unclear how much impact the move would make on the market for mortgage bonds, which is currently valued at around $11 trillion. President Trump has ordered Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, a move aimed at lowering rates that have kept many would-be homeowners stuck on the sidelines. “I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote on his Truth Social network. Federal Housing Finance Agency Director William Pulte confirmed on social media that Fannie Mae and Freddie Mac will conduct the mortgage bond purchases. Markets responded quickly. The 30-year mortgage rate dropped on Friday to near 6%, its lowest level since early 2023, according to Mortgage News Daily. Lower mortgage rates directly affect whether you can afford to buy or refinance a home. Mortgage rates also affect housing Show less Read more
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