What do you know? What is the general sketch right now? I'm going to leave the President's speech for the President's speech. But the President is very focused on affordability. When he left office five years ago, right. This is a one year anniversary. The average age of a first time buyer was 33 years of age. Pretty reasonable. Now it's 40 because Biden had so much inflation drove the prices up and interest rates are still too darn high. Right. They just, with President Trump finally pushing, right, the agencies to buy $200 billion with the agency mortgages, the interest rate on mortgages dropped below 6%. And what happened? (16:35–16:53)
CLAIM
Asserts that the average age of first-time home buyers increased from 33 to 40 due to inflation under Biden.
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.
