The White House published highlights from President Donald J. Trump’s World Economic Forum speech in Davos, setting out a policy agenda aimed at lowering household costs and supporting credit availability. The address pointed to an executive order banning large institutional investors from buying single-family homes, plans for government-backed institutions to buy mortgage bonds to reduce mortgage rates, and a request for Congress to cap credit card interest rates for a limited period. The speech described the housing measure as intended to keep homeownership within reach and called on Congress to make the institutional investor ban permanent. It also stated that government-backed institutions have been instructed to purchase up to USD 200 billion in mortgage bonds to bring down interest rates, citing that the average 30-year mortgage rate fell below 6% “last week.” On consumer credit, President Trump asked Congress to cap credit card interest rates at 10% for one year, and on digital assets he said Congress is working on crypto market structure legislation that he hopes to sign soon. Next steps referenced in the remarks depend on congressional action for the proposed statutory housing ban, the temporary credit card rate cap, and the crypto market structure bill.
The White House 2026-01-21
The White House outlines housing investor ban, USD 200 billion mortgage-bond purchases and credit card rate cap push in Davos address
The White House released highlights from President Donald J. Trump's World Economic Forum speech, outlining a policy agenda to lower household costs and enhance credit availability. Key measures include an executive order banning large institutional investors from buying single-family homes, a directive for government-backed institutions to purchase up to 200 billion USD in mortgage bonds, and a request for Congress to cap credit card interest rates at 10%.