And in the last three months, inflation was less than 1.7%. Under our policies, prices for chicken, eggs, cheese, butter, potatoes and fresh fruit are lower today by a lot than when I took office. Hotel rates, automobile prices and rent payments are way down as well, as a result of my direction to purchase $200 billion in mortgage bonds. A risky move, perhaps, but not for me. Mortgage rates are now the lowest in more than five years, and the annual cost of a typical new mortgage is down almost $5,000. (1:23:23–1:23:35)
CLAIM
Asserts that hotel rates, automobile prices, and rent payments have decreased due to his directive to purchase mortgage bonds.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
