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-0.00176095091349325 -0.00220118864186648 -0.00528285274047975 -0.00506273387629313 0.00440237728373328 0.0261941448382127 0.0228923618754127 0.0112260620735198
Stock impact report

Trump orders mortgage bond purchases to lower rates. These stocks are jumping in response [CNBC]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: CNBC
Shares in mortgage lenders jumped Friday after President Donald Trump instructed “representatives” to purchase mortgage bonds in an attempt to lower rates for homebuyers Trump said in a social media post on Thursday that he was asking unnamed buyers — it wasn't clear if that meant the Treasury, Fannie Mae, Freddie Mac or another agency — to buy $200 billion of mortgage bonds. This should bring down both rates and monthly payments, making home ownership more affordable, Trump said. Federal Housing Finance Agency Director Bill Pulte later posted that “we are on it.” Trump said he was making the push because Fannie and Freddie — the government-sponsored entities that buy mortgages from banks, credit unions and other original lenders — are sitting on a pile of cash. Mortgage lender Rocket Companies jumped more than 6% to a fresh 52-week high. UWM Holdings gained more than 8%, on track for one of its best sessions in the past year. Lender PennyMac rose about 5%. Artificial intelli Show less Read more
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