Live: Fact-checks from Donald Trump's town hall with Fox News' Sean Hannity
Donald Trump,2024 Presidential Election,Sean Hannity,Facts And Fact Checking
PolitiFact is live fact-checking former President Donald Trump's town hall, hosted by Fox News host Sean Hannity, tonight at 9 p.m. ET in Harrisburg, Pennsylvania.
Trump says mortgage rates are 10%. They’re not that high.
Trump said, “I had interest rates at 2%. They are now at 10%”
He’s wrong about the current rates. Mortgage rates are higher than at most points since 2000, but the average 30-year fixed rate mortgage is currently 6.35%, after peaking at 7.79% in October 2023.
Trump was closer when referencing the mortgage rates during his tenure. They averaged 2.7% when he left office, which was during a global pandemic when the economy had slowed to a crawl and the Federal Reserve lowered rates to promote economic activity.
The highest mortgage rates on Trump's watch came at almost 5% in November 2018.
