US President Donald Trump has dismissed concerns over potential 50-year mortgages, describing them as a way to lower monthly payments rather than a “big deal.” Speaking on Fox News’ The Ingraham Angle, Trump blamed previous Democratic policies and Federal Reserve interest rates for making homes less affordable.
“Paying over a longer period just means smaller monthly payments. It’s not a major factor, but it could help,” Trump said.
However, the idea has drawn skepticism from conservatives, economists, and pro-Trump influencers. Republican Representative Marjorie Taylor Greene tweeted, “In debt forever, in debt for life!” while right-wing activist Mike Cernovich referred to the concept as “lifetime mortgages.” Critics warn it would delay homeownership and increase interest paid over time, though some analysts note potential benefits for investors.
The US Federal Housing Finance Agency (FHFA) has indicated it is exploring the 50-year mortgage option. FHFA Director Bill Pulte called it a “complete game-changer” and suggested other options like 5-, 10-, and 15-year mortgages are also under review. The White House emphasized that any policy changes would be officially announced.
Housing affordability remains a pressing concern, with US home prices averaging nearly 60% above pre-pandemic levels. Even with lower mortgage rates following the Fed’s recent cuts, the market faces challenges: pending home sales remain flat, and the median age for first-time buyers is now a record 38.
Experts argue the long-term solution lies in boosting housing supply and reducing construction costs. Meanwhile, the 50-year mortgage proposal could benefit companies like Ellington Financial, United Wholesale, and Rocket Companies, including Redfin.
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