President Donald Trump signed a sweeping executive order aimed at deregulating the U.S. mortgage market, touting massive savings for homebuyers and declaring that mortgage rates have hit their “lowest level in 5 years.”
Slashing Red Tape And Boosting Savings
The March 13 directive, titled “Promoting Access to Mortgage Credit,” seeks to reverse years of tightening regulations that the administration claims have sidelined community banks and restricted credit access.
Taking to Truth Social on March 17, he amplified the financial impact of the move. Trump said that his administration’s actions to buy $200 billion in mortgage-backed securities have caused the mortgage levels to reach the “lowest level in five years, adding that the “cost of new mortgage is down by $5000.”
The administration argues that easing compliance burdens, particularly those stemming from the Dodd-Frank Act, will revive bank participation and directly lower costs for rural and low-to-moderate-income households.
By removing these regulatory distortions, the policy aims to foster competition among all lender types to drive down consumer rates.
Easing Rules For Community …
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