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Housing director confirms administration ‘working on’ 50-year mortgage after Trump hint
- Federal Housing Finance Agency Director Bill Pulte said the Trump administration is working on a 50-year fixed-rate mortgage plan, calling it a complete game changer.
- With mortgage burdens rising, President Donald Trump aims to address affordability as the median age of first-time homebuyers reaches 40 and only 30 percent of homes change hands in 2025.
- Fannie Mae's calculations show a $400,000 home at 6.575% with 20% down would have monthly payments of $2,788 for 30 years, $2,640 for 40 years, and $2,572 for 50 years, while analysts warn longer loans raise total interest and slow equity growth.
- The plan prompted sharp backlash and divided opinion, with Georgia Republican Representative Marjorie Taylor Greene writing on X, `I don’t like 50-year mortgages as the solution to the housing affordability crisis.`
- Implementation would likely require congressional or regulatory changes under the Dodd-Frank Act, and housing economists warn it could strain lenders, Fannie Mae and Freddie Mac, while pushing prices higher without more supply.
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OK Boomer! Exposing The 50-Year Mortgage SHAM | Guest: Steve Abramowicz | DC Dive
In episode 5 of The Gateway Pundit’s DC Dive with TGP White House correspondent Jordan Conradson, we discuss President Trump’s suggestion that he will introduce a 50-year mortgage plan to make housing more affordable for first-time homebuyers.
·United States
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President Trump has proposed a 50-year mortgage. What that would mean for home buyers
President Trump has floated the idea of a 50-year mortgage to make home ownership more affordable. A Martinez talks with Wharton's Susan Wachter about the benefits and risks of the proposal.
·Washington, United States
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Coverage Details
Total News Sources240
Leaning Left31Leaning Right37Center102Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 18%
C 60%
R 22%
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