Rep. Jody Arrington credits GOP agenda with lower mortgage costs and stronger wages

Rep. Jody Arrington, chairman of the House Budget Committee, said Tuesday that recent Republican legislation is already delivering economic relief to American households and businesses.

“We're actually doing something about it,” Arrington said, arguing the GOP agenda has produced lower mortgage payments and improved labor market outcomes. “Mortgage rates are down now on average about $200 in the mortgage payment for our hardworking families,” he said, adding that interest rates were falling and inflation was stable.

Arrington tied the improvements to broader Republican policies, including tax changes he said would yield refund checks and reduced withholdings for taxpayers next year. He said those moves, together with rising wages that he described as outpacing inflation, are creating a “virtuous cycle” of growth that he expects to strengthen heading into the midterm elections.

The congressman framed the evidence for his view as multiple market indicators, pointing to consumer spending, business investment and bond‑market behavior as signs that the private sector has confidence in the administration's economic agenda. He urged Republicans to stay united to preserve momentum and to pursue further pro‑growth policies.

Arrington’s statements reflected the arguments Republican leaders have used to make the case for their legislative agenda; the interview did not include independent economic analysis or a response from those who disagree with his assessment. The host noted strong retail spending over the holiday period and asked whether the pattern matched Arrington’s forecast; Arrington said it did and predicted further gains.