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Howard Lutnick: “You bring interest rates down 100 basis points, you're going…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 09:33

But basically interest rates need to be lower so that houses are More affordable for young people to buy the homes. We need to bring that down. You bring interest rates down 100 basis points, you're going to bring the average age down four or five years. Seriously, it just makes it more attainable. And Donald Trump is on it. He's been talking about his whole term. Right. But now it's crystal clear he's got to bring it. (09:33–09:39)

CLAIM

Asserts that reducing interest rates by 100 basis points will lower the average age of homebuyers by four or five years.

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