President Trump Is Restoring the American Dream – The White House

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 level since 2022 under President Trump, underscoring the Administration’s ongoing commitment to lowering costs for hardworking Americans.

• The average 30-year fixed mortgage rate has dipped to a new multi-year low, driving monthly housing payments way down and mortgage affordability to a four-year high.
• The National Association of Realtors’ Housing Affordability Index has climbed to its highest level since March 2022 as family incomes rise and rates moderate, marking seven straight months of improvement.
• Apartment rents have declined for six straight months, dipping to their lowest level in four years.
• In 2025, 62% of homebuyers purchased 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 directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to further drive down borrowing costs.
• President Trump took executive action to prohibit large institutional investors from buying single-family homes that should be available for everyday American families.
• The Trump Administration barred illegal aliens from accessing taxpayer-backed mortgages, ensuring resources are directed to U.S. citizens.
• The Trump Administration eliminated the burdensome Affirmatively Furthering Fair Housing rule, saving Americans tens of millions of dollars annually 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.