President Donald Trump took to Truth Social early Saturday to spotlight what he says is another clear difference between his leadership and that of former President Joe Biden—mortgage rates.

In a graphic shared on his account, Trump pointed to mortgage rates around 5% under his term, compared with rates ranging from 6% to 8% during Biden’s presidency. While it was not specified where the exact figures came from, the broader trend is familiar to anyone who tried to buy a house during the Biden years: sticker shock became a lifestyle.

Mortgage rates were near historic lows when Biden took office in January 2021, averaging about 2.7% for a 30-year fixed loan. But that didn’t last. Over the next two years, as inflation surged and the Federal Reserve raised interest rates aggressively, mortgage rates climbed past 7% in 2023—the highest levels in more than two decades. Rates eased slightly in 2024 but stayed painfully high.

Since Trump returned to office in January 2025, mortgage rates have drifted lower, settling around the low-6% range in early 2026. Not exactly pocket change, but a noticeable improvement after years of runaway costs.

Economists like to remind everyone that mortgage rates are shaped mainly by inflation, bond markets, and Federal Reserve policy—not just the White House. Still, when inflation explodes under one administration and cools under another, Americans tend to notice. Funny how that works.

White House press secretary Karoline Leavitt summed it up bluntly in a statement to Fox News.

“Joe Biden’s inflation crisis crushed the dream of homeownership for millions of Americans — but President Trump is bringing it back,” Leavitt said.

She added that Trump’s economic policies are cutting unnecessary red tape, easing borrowing costs, and allowing income growth to outpace home price gains, making housing more affordable again.

“President Trump knows America is strongest when it’s a nation of owners, not renters, and he is determined to unlock that opportunity for as many American families as possible,” Leavitt said.

After years of watching interest rates skyrocket and dreams of homeownership slip away, Americans are finally seeing a shift in the right direction. With inflation cooling and borrowing costs easing, the path back to owning a home is reopening—and that’s a future worth building on.