Trump proposes $200B mortgage bond buy, 10% credit card rate cap, and limits on home investments to boost affordability.

Trump unveiled a plan at the World Economic Forum to boost housing affordability, proposing federal purchase of $200 billion in mortgage bonds to lower mortgage rates, capping credit card interest rates at 10% for a year, and banning large institutional investors from buying single-family homes. He reiterated his push to replace Federal Reserve Chair Jerome Powell and emphasized protecting existing homeowners’ equity. The average 30-year mortgage rate recently fell to 6.06%, the lowest in over three years, but the housing market remains sluggish due to high prices and a long-standing shortage of homes.