WASHINGTON, D.C. — Senator Tim Scott praised the strength of the current U.S. economy while emphasizing the need for interest rate cuts to make homeownership more accessible for Americans.

“Americans deserve to become first-time homebuyers,” Scott said in a statement posted on social media. “President Trump has created the best economy in the world. The one thing that would make it better is lower interest rates.”

Scott’s remarks reflect growing calls from lawmakers and industry experts urging the Federal Reserve to lower interest rates as high borrowing costs continue to strain the housing market. While the economy shows strong growth across key sectors, elevated mortgage rates have made it increasingly difficult for many to enter the housing market.

His comments align with a broader push from Republican leaders, including President Trump, to prioritize home affordability and financial access for middle-class Americans.

As the 2026 election season approaches, housing and economic policy are expected to remain central themes for both parties.