President Trump posts $200 billion mortgage bonds

(CNN)– Thursday, Jan. 8, President Trump said he has instructed his representatives to buy $200 billion in mortgage bonds.

In a social media post, Trump said Fannie Mae and Freddie Mac are now worth an absolute fortune.

The president expressed how the two government-owned mortgage giants now have enough money to fund his directive.

The move is an attempt to drive down interest rates and monthly payments.

The overall goal is to make the cost of owning a home more affordable.