Bill Pulte Backs $200 Billion Bond Buys After Trump Push

Bill Pulte said Fannie Mae and Freddie Mac will buy $200 billion of mortgage bonds to push mortgage rates lower, following Donald Trump’s Truth Social call for his “Representatives” to make the purchases.The plan could lift the firms’ profits as the administration weighs a possible public offering, reviving an old debate about risk-taking and market distortion that flared during the financial crisis.Trump is also urging Congress to bar large institutional investors from buying additional single-family houses amid a $414,000 median home price and mortgage rates near 6.2%.