Senate Democrats Press Trump to Halt Fannie-Freddie IPO Over Rate Concerns

A group of Senate Democrats has asked the Trump administration to suspend its plans to take Fannie Mae and Freddie Mac public, warning that an initial public offering of the two mortgage-finance giants could add upward pressure to already elevated borrowing costs for homebuyers. In a letter cited by the Wall Street Journal, the lawmakers urge the administration to commission a study on how an IPO might affect mortgage rates before proceeding. They argue that higher rates would further sideline prospective homeowners at a time when affordability is already strained.