Because, of course, the housing crisis in this country is really two things. Number one, that the prices are too high. We've made some progress on that in some ways. More importantly, the Interest rates are too high. So even if you can afford the top line dollar value of a home, if the interest rates are way too high because the Federal Reserve isn't doing its job, that also makes American dream of homeownership unaffordable. (04:36–04:39)
CLAIM
Asserts that current interest rates are excessively high.
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