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Howard Lutnick: “Mortgages just dropped below 6%, right? And the housing…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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

Published | Video Starts at 15:19

Now you're the commerce secretary. Put on your, your bond hat. Where should a mortgage be right now if you were in charge? So mortgages, I mean, think about it. Mortgages just dropped below 6%, right? And the housing market had the best refi week in decades. And it had the most people visiting houses in decades. When interest rates of mortgages dropped below 6%, Donald Trump said, let's go buy mortgages. (15:19–15:29)

CLAIM

Asserts that mortgage rates dropped below 6%, leading to a significant increase in refinancing activity.

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