And along with that, we've had high interest rates as the Fed has responded to Joe Biden's 40 year high in inflation. High interest rates, high costs have really burdened a lot of our families to where The average young person trying to buy a home today is 40. I bought my first house at 30, so I recognize that. I empathize with it because the single family mortgage rate when I bought my first house was 15% fixed for 30 years. (13:24–13:29)
CLAIM
Asserts that the average age of first-time homebuyers is now 40.
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