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Scott Bessent: “Last month we hit a three year low in mortgage rates.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Scott Bessent: 'What the Iranians understand is brute FORCE'

Published February 12, 2026 | Video Starts at 06:17

Where is the housing market today and what is your hope for the next few months? President Trump is laser focused on the housing market and things have have gotten better. Last month we hit a three year low in mortgage rates. The Fed, subsequent to, I believe the appearance you were talking about, it was lowered rates twice. The 10 year yield is down. (06:17–06:22)

CLAIM

Asserts that mortgage rates reached a three-year low last month.

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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Scott Bessent

“There were more than 170,000 private sector jobs and there were about a 40,000 decrease in government jobs.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 00:49-00:59
“The affordability or the amount of income needed to buy the average house come down about 4%.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:44-06:51
“John Deere said that he's building two new factories, Indiana and North Carolina. The people in those states should know that that's because…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:52-11:01
“We put the necessary ingredients policies into place and now they're starting to pay off.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 00:36-00:43
“We are re privatizing the economy.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 01:02-01:05
“If the fourth quarter comes in around that level, we will bend about 3% for the year.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 01:53-01:59
“We've got very large foreign direct investment.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 02:02-02:06
“We had a big increase in construction jobs.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 02:07-02:11
“I would expect a continual pickup in construction.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 02:40-02:44
“We both want higher deposit insurance levels to help community banks.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 05:14-05:21
“We both want to see the crypto legislation, the Clarity act, get done.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 05:21-05:26
“The Fed...lowered rates twice.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:21-06:28
“The spread between the treasury bond and the mortgage rate has compressed.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:34-06:42
“Nationally we're seeing rents come down.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:51-06:53
“The President last March gave me the order via treasury to exert maximum pressure on the Iranians and it worked.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 08:20-08:30
“We are tracking the Iranian leadership, the money that they're sending around the world.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 08:58-09:03
“The President has done tax deals, peace deals and trade deals.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:22-10:27
“The tax deal, whether it's the full expensing for corporates, for both capital expenditure and factories, I think that's what's driving this…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:26-10:38
“The trade deals are bringing money in from overseas like we've never seen before.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:38-10:44
“We could see substantial decreases in the oil price with Venezuela, Iran, and if Russia, Ukraine gets solved, that's a lot more oil that…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 11:04-11:17