Just recently, on a Friday (January 9), Donald Trump hit up Truth Social. He was announcing a new proposal aimed at giving credit card holders some relief. Here’s what he had to say:
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY! Effective January 20, 2026, 1, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%. Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! PRESIDENT DONALD J. TRUMP.”
Beyond credit cards, Trump also made some bold claims about mortgage rates, suggesting he brought them down significantly after the Biden administration. He shared his perspective:
“Mortgage Rates are NOW 5.7%! Mortgage costs were HUGE under Biden (around 8%). That’s why almost no young families could afford a home. With my focus on Housing Affordability, and after I authorized Fannie Mae and Freddie Mac to invest their cash, and BUY $200 Billion Dollars in Mortgage Bonds, Mortgage Rates moved down to 5.7%. This is GREAT news for American Families, and real cost relief. We are bringing Housing Costs DOWN, and putting Americans FIRST!”
Then, on Saturday (January 10), President Trump took to his platform again, declaring the USA is simply the best. In his words: “The United States of America is the Hottest and most Successful Country anywhere in the WORLD!!! President DJT.”
Alright, #Socialites, we’ve laid out the details. Peep the post below for the full scoop, then let us know your thoughts in the comments!
 is the hottest and most successful country in the world” after claiming he dropped mortgage rates and will be enforcing a one-year 10% cap on credit card interest rates.){kind=link}