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50-Year Loans Won't Solve Housing Crisis
The proposal lowers monthly payments but increases total interest costs and does not address supply shortages, experts say it risks higher prices and long-term debt.
- Recently, President Donald Trump proposed 50-year mortgages, with the Trump administration and the Federal Housing Finance Agency exploring the option.
- President Donald Trump proposed 50-year mortgages as affordability pressures rise, with many buyers needing $60,000 to preapprove for a $218,000 home and first-time buyers' share falling to 21%, according to the National Association of REALTORS®.
- After 10 years borrowers would have paid about 5% of principal on a 50-year loan, and a median $900,000 San Diego home at 6.26% only lowers monthly payments modestly.
- Critics say the plan would not solve limited housing supply and could push prices higher, while analysts warn lenders will charge higher rates, reducing monthly savings and increasing total interest.
- Experts call the proposal a short-term fix and highlight the average U.S. life expectancy of around 79 years, urging housing production and regulatory changes instead.
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13 Articles
13 Articles
Will Trump’s 50-year mortgage proposal help solve Albuquerque’s housing crisis?
President Donald Trump proposed a 50-year mortgage to solve the nation’s housing crisis. New Mexico real estate professionals say adding 20 more years to a home loan may make it possible for some to own a house who wouldn’t be…
·Albuquerque, United States
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
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