JPMorgan Sees ‘Pretty Busy’ Home-Lending Day After Trump Order

JPMorgan Chase & Co., the biggest US bank, is starting to see more activity in its home-lending business as homebuyers start to benefit from lower mortgage rates that were spurred in part by President Donald Trump’s order to have Fannie Mae and Freddie Mac buy mortgage bonds.

After Trump directed Fannie and Freddie to purchase $200 billion of those bonds, mortgage rates dropped to levels not seen in years. The rate on a 30-year fixed mortgage was just 6.01% Monday, according to Mortgage News Daily.

That’s starting to have an impact on the market, according to JPMorgan Chief ...