Trump Downplays 50-Year Mortgage Plan Amid GOP Backlash

Benzinga

Donald Trump dismissed 50-year mortgages as a limited fix for housing affordability after conservative backlash. Critics warned such loans could trap buyers in debt, while FHFA’s Bill Pulte called the idea transformative as home prices remain 60% above pre-pandemic levels.

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

00:03Donald Trump downplayed 50-year mortgages as a housing affordability solution

00:06after facing backlash from conservatives who argued the loans would trap homeowners in

00:12lifelong debt. According to Reuters, Trump told Fox News the plan would slightly lower

00:17monthly payments but is not a big factor. Conservative lawmakers, MAGA influencers,

00:22and economists criticized the 50-year mortgage idea, arguing it would delay homeownership

00:27Federal Housing Finance Agency Director Bill Poult called the proposal a

00:31complete game-changer on X, saying the agency is also exploring shorter-term and assumable mortgages.

00:38Home affordability remains strained as prices sit nearly 60% above pre-pandemic levels,

00:43even with lower mortgage rates following Fed cuts. Pending sales stayed flat in September,

00:48and the median first-time buyer age rose to a record 38, up from the late 20s and the 1980s.

00:53For all things money, visit Benzinga.com.

00:56Welcome to www. папastron.com.

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