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Trump Celebrates Economic Gains: Low Gas Prices and Mortgage Relief

1/12/2026

33 6 Full Breakdown

Summary

Story summary

U.S. President Donald Trump highlights economic gains as 2026 begins.
Gas prices are at a five-year low, with the national average below $3 per gallon in 43 states.
Mortgage rates for a 30-year fixed loan fell to 5.7 percent from about 8 percent.
Trump attributes policy changes to a $200 billion investment in mortgage bonds via Fannie Mae and Freddie Mac.
He proposed a 10% cap on credit card interest.

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Story summary

U.S. President Donald Trump highlights economic gains as 2026 begins.
Gas prices are at a five-year low, with the national average below $3 per gallon in 43 states.
Mortgage rates for a 30-year fixed loan fell to 5.7 percent from about 8 percent.
Trump attributes policy changes to a $200 billion investment in mortgage bonds via Fannie Mae and Freddie Mac.
He proposed a 10% cap on credit card interest.