50-year mortgage has pitfalls

Homebuyer Horror: Attack of the 50-Year Mortgage!

In a graphic posted to Truth Social on Nov. 8, Donald Trump lists himself next to Franklin Delano Roosevelt as one of two “great presidents,” because FDR’s “New Deal” introduced the 30-year home mortgage and Trump, apparently, wants to “go…

50-year mortgage plan has one benefit, but many drawbacks

NEW YORK — The White House says it is considering backing a 50year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism from policymakers, social media and economists, who said a 50-year…

50-year mortgage has pitfalls

NEW YORK — The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism from policymakers, social media and economists, who said a 50-year…

Guest Column: Homebuyer horror: Attack of the 50-year mortgage

BY THOMAS L. KNAPP In a graphic posted to Truth Social on Nov. 8, Donald Trump lists himself next to Franklin Delano Roosevelt as one of two “great presidents,” because FDR’s “New Deal” introduced the 30-year home mortgage, and Trump, apparently, wants to “go large” on the idea. Federal Housing Finance Agency Director Bill Pulte confirmed on X that “we are indeed working on the 50-year mortgage — a complete game changer.” The Trump/Pulte proposa…

What real estate agents need to know about the 50-year mortgage

As the White House and federal housing officials float backing 50-year fixed-rate mortgages as a potential tool to ease U.S. housing affordability, the proposal has drawn quick praise from some quarters and sharp criticism from housing economists and industry groups. The idea surfaced publicly this month when President Donald Trump shared an image on Truth Social that appeared to hint at his support for introducing 50-year mortgages — a move lat…