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. 15% fixed for 30 years. So saving that money, having that down payment, having something competitive, we all empathize that here. We all know about the burden of saving and having that first home. (13:33–13:40)
CLAIM
Asserts that the mortgage rate was 15% fixed for 30 years when French Hill bought his first house.
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.
