Trump's Affordable Housing Plan: Cracks in the Foundation?
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President Trump's housing affordability plans are facing significant challenges, including resistance from Congress and the financial sector. Despite being touted as aggressive reforms, implementation has been difficult, with rising mortgage rates and concerns about impacting current homeowners. Public sentiment shows disappointment, with a CNN poll indicating 64% believe Trump hasn't done enough to lower everyday costs. The administration is still pursuing a plan for Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, which may help lower rates. These issues could affect the upcoming midterm elections.
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