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50-year mortgage

White House officials unhappy about 50-year mortgage idea

SUMMARY

A proposal for a 50-year mortgage was discussed within the Trump administration but was not fully vetted before being publicized. Top federal housing official Bill Pulte presented the idea to President Trump, who approved a promotional Truth Social post. Some officials expressed frustration, noting Trump was not fully committed to the concept.

Pulte described the 50-year mortgage as "a complete game changer" and part of broader strategies to enhance housing affordability. However, analysts warn it may result in higher total costs due to extended interest payments. Currently, homeowners spend 39% of their income on housing, exceeding the recommended affordability threshold.


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