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Howard Lutnick: “When interest rates of mortgages dropped below 6%, Donald…”

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 15:33

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. Drop the rate below 6% and you immediately got demand. I think rates in the United States of America are coming down. They should be lower. (15:33–15:40)

CLAIM

Asserts that Donald Trump advocated for buying mortgages when rates dropped below 6%.

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.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 00:57-01:05
“We gave Taiwan $100 billion credit because TSMC came in with that 100 billion in 2025 with the Trump administration.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 01:52-02:04
“Mortgages just dropped below 6%, right? And the housing market had the best refi week in decades.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 15:19-15:29
“Of the $250 billion of commitment, that is directly from companies.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 00:43-00:50
“We're going to build giant semiconductor industrial parks in America.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 02:41-02:47
“They go from 20% to 15% [tariff rate].”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 03:44-03:49
“If they commit to build in America, they can bring in their semiconductors during the time that they're building in America without a…”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 04:10-04:22
“The objective is to bring 40% of Taiwan's entire supply chain and production to domestically bring it in to America.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 04:42-04:53
“If they don't build in America, the tariffs likely to be 100%.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 05:11-05:18
“We need semiconductors for our national security.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 06:39-06:44
“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…”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 07:32-07:50
“My understanding so far is that the president's planning to go to China in the month of April.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 08:33-08:39
“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.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 10:21-10:31
“If inflation is below 3%, right, it's running 2.7% and we're growing. Why do rates have to be high?”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 11:11-11:21
“Housing requires lower interest rates.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 11:36-11:39
“The Fed is running by running off. Their balance sheet is tightening.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 12:49-12:54
“It's ridiculous that we're in the fours and everyone else in the world is in the twos.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 13:15-13:21
“Donald Trump is making sure America wins. And we're lifting the rest of the world with us.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 14:32-14:38
“Go look at the rest of the world stock markets. We're hitting new highs and so is the rest of the world.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 14:37-14:44
“He promised we'd reshore semiconductors. We have to reshore semiconductors.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 14:49-14:55
“I think rates in the United States of America are coming down. They should be lower.”
Watch CNBC's full interview with U.S. Secretary of Commerce Howard Lutnick | Uploaded January 15, 2026 | 15:43-15:49