U.S. President Donald Trump's order for Freddie Mac and Fannie Mae to buy $200 billion in mortgage bonds raises doubts about their privatization plans, analysts say.

US President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election.

U.S. mortgage lenders and housing-related stocks surged on Friday after President Donald Trump ordered $200 billion in mortgage bond purchases in an attempt to bring down housing costs.

Trump said Thursday that he is instructing "representatives" to buy $200 billion in mortgage bonds, aiming to lower interest rates and monthly payments.

Key Takeaways President Donald Trump said he would instruct mortgage firms Fannie Mae and Freddie Mac to buy up to $200 billion in mortgage bonds, which he said would bring down mortgage rates.It’s unclear how much impact the move would make on the market for mortgage bonds,

President Donald Trump posted on social media Thursday that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds.

The president just launched his latest salvo in his battle against high mortgage rates as he tries to make home buying more affordable.

President Trump said he's directed Fannie Mae (FNMA) and Freddie Mac (FMCC) to buy $200B in mortgage bonds to help ease the housing crisis. "I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS.