Apartment rents are down four months in a row. We came in saying we wanted to 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, rates, because the inflation is now low, then those mortgage costs would come down even further. (18:55–19:00)
CLAIM
Asserts that the annual cost of a new mortgage has decreased by $5,000 in one year.
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.
