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. And to help our great citizens afford their American dream, I recently signed an executive order to to ban large Wall street investment firms from buying up single family homes. (1:23:37–1:23:47)
CLAIM
Asserts that mortgage rates are at their lowest in over five years, reducing the annual cost of a new mortgage by nearly $5,000.
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