Trump instructing ‘representatives’ to buy $200B of mortgage bonds

President Trump said on social media: “Biden ignored the Housing Market, and instead was immersed with High Crime, Open Borders, runaway INFLATION, the Afghanistan Disaster, and a Military that he left in Chaos and Confusion. Everything was broken, but I, as President of the United States, have already fixed it! Now, I am giving special attention to the Housing Market. Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the “experts,” it is now worth many times that amount – AN ABSOLUTE FORTUNE – and has $200 BILLION DOLLARS IN CASH. Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable.” Shares moving higher following the post include Opendoor Technologies (OPEN), Offerpad Solutions (OPAD), Zillow (Z) Group (ZG), UWM Holdings (UWMC) and Rocket Companies (RKT).