Credible evidence contradicts the statement. Learn more in Methodology.
Government-backed institutions have been instructed and the instruction authorizes purchases of up to $200 billion in mortgage bonds.
Public reporting shows President Trump announced he had instructed representatives to buy $200 billion of mortgage-backed securities and FHFA Director Bill Pulte said Fannie Mae and Freddie Mac would carry out purchases, but the two GSEs and FHFA did not confirm an instruction to "government-backed institutions to purchase up to $200 billion" as an executed, up-to-$200 billion program at the time of the statement; available evidence shows the White House announced intent and limited initial purchases (reports of a small, e.g., $3 billion, buy), not a fully authorized, up-to-$200 billion executed instruction that immediately lowered interest rates. Verdict: False — the claim overstates the immediacy and scope: the administration announced an intent and directed representatives, but the purchases were to be carried out by Fannie/Freddie and initial confirmed purchases were far smaller than $200 billion and had limited impact on rates.