US EditionFox Business host on Trump’s 50-year mortgage proposal: ‘I do not like this idea’
Experts say the 50-year mortgage would double interest payments and worsen housing affordability amid a crisis where the median home price is $435,331, Redfin data shows.
- On November 6, President Donald Trump shared a Truth Social graphic comparing FDR's 30-year mortgages to a proposed 50-year plan, and William Pulte confirmed the administration was working on it.
- With mortgage rates hovering between 6 percent and 7 percent, the U.S. housing market faces an affordability crisis caused by low supply after post-crisis building declines and rising construction costs.
- At the same interest rate, Joel Berner warned `the drawbacks are that a 50-year mortgage results in almost double the interest payments of a 30-year mortgage and a longer path to meaningful home equity`.
- Experts reacted on Monday, saying the proposal is an extreme solution that sparked criticism, and Pulte responded on social media that the agency 'heard' critics and considers it one tool among many.
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46 Articles
Trump defends 50-year mortgages as affordability crisis grows | Honolulu Star-Advertiser
WASHINGTON >> President Donald Trump downplayed possible 50-year mortgages as a way to make houses more affordable than typical 30-year loans, as some supporters balked at a plan that would have homeowners paying more in interest and taking longer to build equity.
New Hampshire Union Leader
Trump calls 50-year mortgages no 'big deal' as right-wing conservatives balk
President Donald Trump downplayed possible 50-year mortgages as a way to make houses more affordable than typical 30-year loans, as some supporters balked at a plan that would have homeowners paying more in interest and taking longer to build equity.
The 50-year mortgage would cost you nearly $400k more than the standard, AP analysis says
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 mortgage would do little to resolve other core problems in the housing market, such as a lack of supply and high interest rates. Bill Pulte, director of the Federal Housing Finance Agency, said on X over th…
Trump’s 50-Year Mortgage Idea Sparks Warning From Economists
Source: The Washington Post / Getty Economists are cautioning that President Donald Trump’s proposal to lower monthly mortgage payments could leave many Americans carrying far more debt over time, offering short-term savings that may come with a long-term financial cost. Over the weekend, Trump suggested on Truth Social that the government could introduce a 50-year mortgage option. Bill Pulte, the director of the Federal Housing Finance Agency —…
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