President Trump Is Restoring the American Dream

President Donald J. Trump is delivering real progress in making homeownership and housing affordable again so all families can realize the American Dream of homeownership — and much more relief is on the way.

Since taking office, the Trump Administration’s whole-of-government approach has driven positive momentum in lowering housing costs:

• Mortgage rates have fallen to their lowest levelsince 2022 under President Trump, underscoring the Administration’s ongoing commitment to lowering costs for hardworking Americans.Freddie Mac Primary Mortgage Market Survey: “This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners.”

• The average 30-year fixed mortgage rate has dippedto a new multi-year low, driving monthly housing paymentsway downand mortgage affordability to afour-year high. - The National Association of Realtors’ Housing Affordability Indexhas climbed to itshighest levelsince March 2022 as family incomes rise and rates moderate, marking seven straight months of improvement. - Apartment rents have declinedfor six straight months, dipping to theirlowest levelin four years. - In 2025, 62% of homebuyerspurchased 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:

• President Trump directedFannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to furtherdrive downborrowing costs. - President Trump tookexecutive actionto prohibit large institutional investors from buying single-family homes that should be available for everyday American families. - The Trump Administration barredillegal aliens from accessing taxpayer-backed mortgages, ensuring resources are directed to U.S. citizens. - The Trump Administration eliminatedthe burdensome Affirmatively Furthering Fair Housing rule, saving Americanstens of millions of dollarsannually and streamlining local housing decisions.

The Trump Administration remains fully committed to building a strong, accessible housing market that works for every American family — and is stopping at nothing to make sure all Americans can thrive and own their piece of the American Dream.