Trump Floats 50-Year Mortgage To Tackle Soaring Housing Costs

Benzinga

The Trump administration is considering a 50-year mortgage to help ease housing affordability pressures. Supporters argue it could make homeownership more accessible, while critics warn it could lock buyers into lifelong debt without fixing housing supply issues. The proposal is being framed as a potential major shift similar to when 30-year mortgages became standard.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:03The Trump administration is weighing a proposal for a 50-year mortgage to ease home affordability

00:07pressures, according to The Independent. Federal Housing Finance Agency director Bill Pult

00:12called the plan a game-changer that could help young Americans enter the housing market.

00:18Franklin D. Roosevelt's New Deal created the FHA to stabilize housing,

00:23which began offering 30-year mortgages in 1949 that became the industry standard.

00:29Critics argued the 50-year mortgage would trap buyers in lifelong debt

00:33and benefit banks instead of addressing housing supply issues.

00:36Supporters praised the 50-year mortgage as a major pro-homeowner policy that improves on the 30-year loan.

00:42For all things money, visit Benzinga.com.

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