The American Dream is back, folks — and you can thank President Donald J. Trump.
Fresh data from Freddie Mac confirms what millions of American families have been waiting to hear: mortgage rates have fallen to their lowest level in more than three years, making homeownership affordable again after years of Biden-era economic destruction.
The 30-year fixed mortgage rate has dipped to a new multi-year low, driving monthly housing payments to their most affordable levels in over two years. This isn't just a number on a spreadsheet — it's real money staying in the pockets of real Americans who want nothing more than to own their own home and build generational wealth.
The Numbers Don't Lie
"This lower rate environment is not only improving affordability for prospective homebuyers, it's also strengthening the financial position of homeowners," Freddie Mac stated in its latest Primary Mortgage Market Survey.
And the winning doesn't stop there. Consider the avalanche of positive housing data under Trump's leadership:
The National Association of Realtors' Housing Affordability Index has climbed to its highest level since March 2022 — that's SEVEN straight months of improvement. Apartment rents have declined for six consecutive months, hitting a four-year low. And here's a statistic that should make every American smile: 62% of homebuyers in 2025 purchased properties at a discount to the original listing price — the highest share since President Trump's first term.
Mortgage refinance applications? Up a staggering 132% year-over-year. Home purchase applications? Up nearly 10%. Builders are back to work with housing starts hitting a five-month high.
Trump Takes Decisive Action
Unlike the previous administration that watched helplessly as housing costs spiraled out of control, President Trump is taking bold executive action to supercharge this momentum.
The President directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to further drive down borrowing costs. He signed executive action prohibiting large institutional investors — think BlackRock and other Wall Street giants — from gobbling up single-family homes that should belong to American families, not corporate landlords.
And in a move that puts American citizens first, the Trump Administration barred illegal aliens from accessing taxpayer-backed mortgages. Why should hardworking Americans subsidize home loans for people who broke our laws to get here? Under Trump, they don't.
The administration also eliminated the burdensome Affirmatively Furthering Fair Housing rule — another Obama-era relic that did nothing but impose costly bureaucratic mandates on local communities while accomplishing nothing meaningful. That's tens of millions of dollars saved annually.
A Stark Contrast
Remember where we were just over a year ago? Under the Biden regime, mortgage rates had skyrocketed to over 7%, pricing out millions of first-time homebuyers. Young families were told the American Dream was dead. Rents were crushing working-class Americans. The housing market was frozen.
What a difference America First leadership makes.
President Trump understands that homeownership isn't just an economic statistic — it's the foundation of strong communities, stable families, and the wealth-building that defines the American experience. Every policy coming out of this White House is designed to make that dream accessible again.
The Trump Administration has made clear it remains "fully committed to building a strong, accessible housing market that works for every American family." That includes continued efforts to combat inflation, support job creation, increase housing supply, and promote long-term prosperity.
So here's the question every American should be asking: Are you better off now than you were under Biden? For anyone trying to buy a home, refinance their mortgage, or simply afford their rent, the answer is obvious.
The American Dream is back. And it's winning again.