Trump's $200 Billion GSE Order Temporarily Lowered Mortgage Rates Before Resumed U.S.-Iran Conflict
President Trump’s January 8, 2026 executive order directed Fannie Mae and Freddie Mac to deploy $200 billion in conservatorship cash to buy mortgage-backed securities. This temporarily lowered mortgage rates below 6% by March 2026 but was reversed as renewed U.S.-Iran conflict pushed oil prices up nearly 10%, raised Treasury yields, and lifted mortgage rates back above 6.75%.
Topics: executive orders GSEs (Fannie Mae, Freddie Mac) mortgage rates Treasury yields U.S.-Iran conflict