Articles

President Trump Is Bringing Back the American Dream of Homeownership

The White House

President Donald J. Trump is delivering real progress in making homeownership and housing more affordable for American families. Now, fresh data from Freddie Mac shows that mortgage rates have fallen to their lowest level since September 2022 — underscoring the Trump Administration’s commitment to lower costs and expanded opportunity for hardworking Americans.

“This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners,” Freddie Mac stated in its latest Primary Mortgage Market Survey.

These encouraging developments are part of a broader wave of positive momentum in the housing market under President Trump’s leadership:

  • The average 30-year fixed mortgage rate has dipped to a new multi-year low, driving monthly housing payments to their most affordable levels in over two years and mortgage affordability to a four-year high.
  • The National Association of Realtors’ Housing Affordability Index has climbed to its highest level since March 2022 as family incomes rise and rates moderate, marking seven straight months of improvement.
  • Apartment rents have declined for six straight months, dipping to their lowest level in four years.
  • In 2025, 62% of homebuyers purchased properties at a discount to the original listing price — the highest share since President Trump’s first term.
  • Mortgage refinance applications have surged 132%, allowing homeowners to lock in lower rates and save thousands annually.
  • Home purchase applications are up nearly 10% over last year, signaling growing confidence among buyers.
  • Builders are accelerating construction, with housing starts at a five-month high.

President Trump is also taking decisive action to further drive down costs and expand access to homeownership. Here are just a few of the bold actions the Trump Administration is taking:

  • President Trump directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to further drive down borrowing costs.
  • President Trump took executive action to prohibit large institutional investors from buying single-family homes that should be available for everyday American families.
  • The Trump Administration barred illegal aliens from accessing taxpayer-backed mortgages, ensuring resources are directed to U.S. citizens.
  • The Trump Administration eliminated the burdensome Affirmatively Furthering Fair Housing rule, saving Americans tens of millions of dollars annually and streamlining local housing decisions.

The Trump Administration remains fully committed to building a strong, accessible housing market that works for every American family. This includes continued efforts to combat inflation, support job creation, increase housing supply, and promote long-term prosperity — so that all Americans can thrive and own their piece of the American Dream.

Related