Make housing more affordable, and we're starting to make good progress on that. The annual cost of a new mortgage in just a year is down by $5,000. And my friends, If we could get Jerome Powell at the Federal Reserve to lower interest rates because the inflation is now low, then those mortgage costs would come down even further. I happen to believe, and I know the President of the United States does that. (27:34–27:44)
CLAIM
Asserts that lowering interest rates due to low inflation would further reduce mortgage costs.
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