Trump Vows to Ban Wall Street Firms from Buying Single-Family Homes

President claims mortgage rates are at a four-year low in State of the Union address.

Published on Feb. 25, 2026

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In his State of the Union address, President Donald Trump claimed that mortgage rates have fallen to a four-year low and said he has signed an executive order to ban 'Wall Street firms' from buying up single-family homes. Trump portrayed housing affordability as part of a broader economic rebound, but offered few specific proposals aimed directly at the housing market.

Why it matters

Housing costs remain a central pressure point for American households, with mortgage rates, home prices and rents shaping voter views of the economy. While presidents often use the State of the Union to outline housing initiatives, Trump's address framed housing largely through broader economic trends rather than targeted reforms.

The details

Trump did not devote a standalone section of his State of the Union address to housing policy. Instead, references tied to housing appeared indirectly within his broader discussion of inflation, incomes and economic growth. The president did, however, make a specific housing-related pledge, saying he had signed an executive order to ban 'Wall Street firms' from buying single-family homes and urged Congress to make the prohibition permanent.

  • Trump said he signed the executive order to ban Wall Street firms from buying single-family homes last month.

The players

Donald Trump

The 45th President of the United States who delivered the State of the Union address.

Rachel Wiggins

A mom of two from Houston who Trump said placed bids on 20 homes but lost them all to 'gigantic investment firms' that turned the homes into rentals.

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What they’re saying

“Another pillar of the American dream that has been under attack is homeownership. With us tonight is Rachel Wiggins, a mom of two from Houston. She placed bids on 20 homes and lost all of those bids to gigantic investment firms that bypassed inspection, paid all cash and turned those houses into rentals, stealing away her American dream.”

— Donald Trump (State of the Union Address)

“What I was hoping he'd do would be to talk about the things moms and dads worry about when they lie down at night to sleep and can't. And he did.”

— Senator John Kennedy, Republican Senator from Louisiana (State of the Union Address)

What’s next

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The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.