What did Donald Trump claim about the economy on 18 Jun 2024?
Donald Trump, Republican presidential candidate ·
And by the end, the 30-year mortgage rate was 2.7%. Think of that. And now it's 10%, 11%, 12%.
Rates were 6.7 percent in June 2024, not 10 to 12 percent. The highest month under Biden was 7.2 percent, and no market segment averaged above 7.5 percent.
The average interest rate on newly originated U.S. home-purchase mortgages was 6.7 percent in June 2024. Its highest month in the Biden years was 7.2 percent, in November 2023, and no market segment averaged above 7.5 percent in any month from 2021 on (Federal Housing Finance Agency, National Mortgage Database aggregate statistics).
Claim vs. the record · Economy
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The claim
- Date
- Where
- Campaign rally in Racine, Wisconsin.
The record
Primary source (agency data)