Economic data

Trump signs executive order geared at lowering housing, mortgage costs

The Hill22 October 2026, 21:52 UTC

President Trump on Thursday signed an executive order aimed at lowering mortgage payments, as elevated borrowing costs have stifled the housing market. Trump’s order directs Federal Housing Finance Agency (FHFA) Director Bill Pulte to create a pilot program to cancel insurance premiums for government-backed mortgages once a borrower has satisfied equity requirements. The president also...

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