WAYS TRUMP CAN CONTROL MORTGAGE RATES
https://s.yimg.com/ny/api/res/1.2/_hJ.Ks8Sorj7_EGvd3lqWg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/gobankingrates_644/bfbb389920228571c76813445ca7920b
✍️ President Trump has been trying to influence interest rates by pressuring the Federal Reserve, but the Fed doesn't control mortgage rates. Instead, the president can use other levers of government to influence mortgage rates.
👉 The Fed doesn't control mortgage rates, it controls the federal funds rate. 👉 Mortgage rates are based on Treasury yields, not the federal funds rate. 👉 The president can use other levers of government to influence mortgage rates, such as pressuring the Fed to buy Treasuries or mortgage-backed securities. 👉 Removing caps on mortgage-backed securities for Fannie and Freddie could also help lower mortgage rates.
-- #DonaldTrump #JeromePowell #LisaCook #JoshLewis #CharlesUrquhart #VivianTu #business
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