The Trump administration is moving forward with a housing strategy aimed at lowering borrowing costs and expanding access to homeownership, as new market data shows early signs of easing affordability pressures.
While national affordability indicators show improvement, local housing conditions continue to vary. The Dallas Express previously reported that Texas recorded a record number of million-dollar home sales in 2025, led by the Dallas–Fort Worth–Arlington metroplex. DFW accounted for 38% of all $1 million-plus home sales statewide, reflecting sustained activity in the luxury segment even as broader affordability challenges persist for many buyers.
President Trump has directed federal housing agencies to purchase $200 billion in mortgage-backed securities through Fannie Mae and Freddie Mac, a move the administration says is intended to drive down mortgage rates and reduce monthly housing payments. Administration officials have also signaled additional actions focused on increasing housing supply and limiting competition from large institutional buyers.
William Pulte, director of the Federal Housing Finance Agency and chairman of Fannie Mae, said the plan could result in a “big win” for American families. Speaking on Fox Business, Pulte said the administration is meeting with homebuilders this week as part of a broader effort to encourage new construction and address long-standing supply constraints.
Independent housing data indicates borrowing costs have already begun to ease. According to a January report from Redfin, the median U.S. monthly housing payment fell to $2,365 during the four weeks ending January 4, down 4.7% from a year earlier and the lowest level in roughly two years. The decline was driven primarily by falling mortgage rates, with the average weekly 30-year fixed rate dropping to about 6.15%, its lowest level in more than a year.
While home prices continue to rise modestly nationwide, Redfin reported year-over-year price growth has slowed significantly compared to early 2025. Pending home sales and new listings remain lower than a year ago, a trend economists attribute in part to seasonal factors early in the year.
Separate data from First American Data & Analytics shows housing affordability improved year over year for the eighth consecutive month through October 2025, reaching its best level since mid-2022. First American attributed the improvement to cooling price growth, easing mortgage rates, rising incomes, and increased housing inventory.
As part of the administration’s affordability agenda, Trump has also moved to restrict large institutional investors from acquiring single-family homes. Pulte said the administration expects executive action to be followed by congressional codification.
The DX Brief
- The Trump administration is directing Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower borrowing costs
- FHFA Director William Pulte said the plan could be a “big win” for American homebuyers
- Redfin data shows median U.S. monthly housing payments fell 4.7% year over year to $2,365, the lowest level in roughly two years
- Mortgage rates have declined to about 6.15%, their lowest level in more than a year
- Home price growth has slowed, though buying activity remains muted early in the year
- First American data shows housing affordability improving for eight consecutive months through October 2025
- The administration is also pushing to limit institutional investors from purchasing single-family homes
