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Howard Lutnick: “Housing requires lower interest rates.”

Featuring: Howard Lutnick, Secretary of Commerce | National

Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick

Published January 15, 2026 | Video Starts at 11:36

That's, you know what that is? That's the definition of mediocrity. Donald Trump is here to make America great. And America can be great. Housing requires lower interest rates. You want to make things affordable, bring interest rates down. So I think the economy can grow at low inflation, right? Our productivity is flying off the shelves. (11:36–11:39)

CLAIM

Asserts that lower interest rates are necessary for housing.

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.

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Howard Lutnick

“There's 250 billion supplied by the government to help their smaller and medium sized companies.”
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“We gave Taiwan $100 billion credit because TSMC came in with that 100 billion in 2025 with the Trump administration.”
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“Mortgages just dropped below 6%, right? And the housing market had the best refi week in decades.”
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“Of the $250 billion of commitment, that is directly from companies.”
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“We're going to build giant semiconductor industrial parks in America.”
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“They go from 20% to 15% [tariff rate].”
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“If they commit to build in America, they can bring in their semiconductors during the time that they're building in America without a…”
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“The objective is to bring 40% of Taiwan's entire supply chain and production to domestically bring it in to America.”
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“If they don't build in America, the tariffs likely to be 100%.”
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“We need semiconductors for our national security.”
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“This move is really what exactly what Donald Trump ran on and what he's delivering, which is we need to reassure semiconductors this will…”
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“My understanding so far is that the president's planning to go to China in the month of April.”
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“I think we're going to grow over 5% in the first quarter of 2026.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 09:07-09:14
“Donald Trump is delivering for the American people. He's delivering growth, he's delivering jobs.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 09:14-09:20
“He's cutting imports, expanding exports.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 10:15-10:20
“My prediction, over 5% in the first quarter of 2026 for the greatest economy in the world, having the greatest growth in the world.”
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“If inflation is below 3%, right, it's running 2.7% and we're growing. Why do rates have to be high?”
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“The Fed is running by running off. Their balance sheet is tightening.”
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“It's ridiculous that we're in the fours and everyone else in the world is in the twos.”
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“Donald Trump is making sure America wins. And we're lifting the rest of the world with us.”
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“Go look at the rest of the world stock markets. We're hitting new highs and so is the rest of the world.”
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“He promised we'd reshore semiconductors. We have to reshore semiconductors.”
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“When interest rates of mortgages dropped below 6%, Donald Trump said, let's go buy mortgages.”
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“I think rates in the United States of America are coming down. They should be lower.”
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