US EditionA 50-Year Mortgage Could Save You $200 a Month on a $300K Loan. But You Could Pay over $1M in Interest
The Trump administration aims to lower monthly mortgage payments by extending loan terms to 50 years, potentially saving about $200 per month for each point cut in interest rates.
- This year President Donald Trump proposed 50-year mortgages to tackle housing affordability in the United States, saying it `might help a little bit` in a Fox News interview.
- Separately the administration is exploring `portable` mortgages used in Canada, while experts debate if affordability stems from supply and zoning failures or loan term length, citing state and local governments' housing shortfalls.
- Experts calculate borrowers would pay about 10% less monthly but face decades of extra interest from longer loans, while Tommy Aiello said lowering interest rates saves about $200 per percentage point drop.
- Aiello warned abrupt adoption could drain liquidity from the mortgage market and reduce banks' ability to lend, shrinking short-term mortgage availability for prospective buyers.
- Looking ahead, policymakers must address interest-rate policy as Tommy Aiello does not expect another near-term rate cut and urges boosting state and local housing supply.
25 Articles
25 Articles
Maine home affordability experts caution against Trump’s 50-year mortgage idea
President Donald Trump’s new idea of offering homebuyers 50-year mortgages to reduce costs would likely lead homeowners to pay more in the long run, Maine home affordability experts say. The Trump administration’s pitch, floated earlier this month on Truth Social, proposes offering homebuyers a 50-year mortgage to pay off the loan for their new property, as it would lead to smaller monthly payments and make homeownership more attainable for more…
A 50-year mortgage could save you $200 a month on a $300K loan. But you could pay over $1M in interest
President Donald Trump is pitching a 50-year mortgage, an idea federal housing officials are calling a potential “game changer” as home prices continue to climb nationwide.
Fox 25 Oklahoma City
Can a 50-year mortgage make housing more affordable? Expert weighs in
A 50-year mortgage? That is one of President Donald Trump's policy proposals to tackle housing affordability.
Coverage Details
Bias Distribution
- 61% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
