Business Rundown: The President’s Plan To Get Homebuyers Buying Again

It’s a bad time to buy a house. That’s what nearly 75% of consumers are saying, according to Fannie Mae’s home purchase sentiment index released earlier this week. And that news comes in despite a recent drop in mortgage rates.

In hopes of getting homebuilders building again, President Trump has floated the possibility of once again privatizing Fannie Mae and Freddie Mac, and offering an IPO, which could be one of the largest stock offerings in history.

Douglas Holtz-Eakin, economist and the former director of the Congressional Budget Office, joins FOX Business’ Gerri Willis to discuss whether it’s time for an overhaul of Fannie and Freddie, how complicated it can be, and what else can help the struggling housing market.