US EditionHousing director confirms administration ‘working on’ 50-year mortgage after Trump hint
The Trump administration aims to lower monthly payments with a 50-year fixed mortgage amid soaring prices; 93% of Americans say housing costs remain too high.
- On Nov. 9, President Donald Trump proposed a 50-year mortgage on Truth Social, and Bill Pulte, Director of the Federal Housing Finance Agency, confirmed on X the administration is `working on` it as `a complete game changer`.
- Rising housing costs have spiked by around 50 percent since 2020, while the average first-time buyer age is 40, frustrating younger Americans in the United States housing market.
- Spreading the same loan over 50 years would lower monthly payments but increase total interest to $682,294 from $365,677, according to Fannie Mae.
- Critics warned the plan could lock younger Americans into lifelong debt, with strategist Mike Nellis saying it is `a spectacularly dumb idea` that traps Americans in debt until they die.
- To implement the change, Congress would have to repeal parts of the Dodd-Frank Wall Street Consumer Protection Act, as the Qualified Mortgage rule currently bans 50-year loans and any would likely be non-qualified mortgages.
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68 Articles
Do You Really Want A 50 Year Home Mortgage? - The Ron Paul Institute for Peace & Prosperity
President Trump has touted a solution to the housing affordability crisis: 50 year home mortgages, but is this just effectively a “you’ll own nothing and be happy” strategy? Also today: Russia considering Venezuela’s offer for assistance as the US continues its military show of force.
Trump Administration Considers 50-Year Mortgage Proposal
Source: Lacheev / Getty Trump Administration Considers 50-Year Mortgage Proposal The Trump administration is exploring the introduction of 50-year mortgages, a move Federal Housing Finance Agency (FHFA) Director Bill Pulte described as a “game changer” for housing affordability. The proposal aims to lower monthly payments for homebuyers, potentially making homeownership more accessible amid soaring housing costs. While a 50-year mortgage could r…
Trump advancing 50-year mortgage to help more Americans buy homes
MxM News The Trump administration is preparing to roll out a sweeping new housing initiative — a 50-year fixed-rate mortgage designed to make homeownership more accessible for working- and middle-class Americans. Federal Housing Finance Agency Director Bill Pulte confirmed Saturday that the plan is actively in development, calling it a “complete game changer.” “Thanks to President Trump, we are indeed working on The 50 Year Mortgage — a complete…
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Trump’s 50-Year Mortgage Idea Faces Market Pushback
President Donald Trump is promoting a new federal initiative to allow 50-year fixed-rate mortgages, a move that has ignited debate across the political spectrum as Americans face record housing costs. The proposal, framed by the administration as a strategy to improve affordability, has drawn strong reactions from conservatives and economists who warn it could saddle families with lifetime debt. The Trump administration is exploring a plan throu…
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