President Trump’s plan to make housing more affordable through mortgage-backed bond purchases has yet to show significant results. Experts believe boosting housing supply is key. Despite a brief drop in mortgage rates after the purchases, broader market turmoil may push borrowing costs up. The Fed’s balance sheet changes may not be significantly impacted by the administration’s efforts, as supply and demand issues persist in housing markets. Rising yields in government bonds and geopolitical uncertainties could further hinder efforts to lower mortgage rates.
Read more at Yahoo Finance: Analysis-Trump’s mortgage-backed bond purchases not moving needle on housing costs
