President Trump Signs Executive Order Targeting Mortgage and Housing Costs

On October 23, 2026, President Trump signed an executive order aimed at reducing mortgage and housing costs, directing Fannie Mae, Freddie Mac, and federal agencies to develop programs for homeowners and refinancing. A significant aspect of the order is the establishment of a pilot program by the Federal Housing Finance Agency to cancel private mortgage insurance for eligible borrowers meeting equity requirements. The effectiveness of the order will depend on the forthcoming guidance and implementation details from the relevant agencies.