"The Trump administration is “indeed working on” a plan to introduce 50-year mortgages for home buyers, Federal Housing Finance Agency Director Bill Pulte announced.
“Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer,” Pulte wrote in a statement on the social platform X.
Trump campaigned on creating housing opportunities for younger and first-time buyers, but the U.S. has seen housing prices and mortgage rates remain high.
A 50-year fixed mortgage would result in lower payments but also more money spent on interest over the term of the loan, a proposal the reliably anti-Trump Drudge Report on Saturday headlined “Forever Debt.”
Newsweek, also often critical of the president, reported the 50-year proposal sparked a “backlash from online commentators,” among them Rep. Marjorie Taylor Greene (R-GA) in a post on X.
The congresswoman wrote, “Instead stop companies and asset managers from buying up single family homes, which has driven the price of homes and forced homebuyers to compete with corporations that turn thousands of homes into permanent rental homes.”
Others on X were more supportive, with one posting that a 50-year mortgage would substantially lower the house payment."
Breitbart
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