{"id":25099,"date":"2025-11-28T13:39:34","date_gmt":"2025-11-28T13:39:34","guid":{"rendered":"https:\/\/cndailynews.store\/?p=25099"},"modified":"2025-11-28T13:39:34","modified_gmt":"2025-11-28T13:39:34","slug":"trump-admin-working-on-50-year-mortgage-to-increase-housing-affordability-3","status":"publish","type":"post","link":"https:\/\/cndailynews.store\/?p=25099","title":{"rendered":"Trump Admin Working On \u201950-Year Mortgage\u2019 to Increase Housing Affordability"},"content":{"rendered":"

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Federal Housing Finance Agency Director Bill Pulte announced Saturday that the agency is developing plans to introduce a 50-year mortgage option, an initiative aimed at addressing growing public concerns over housing affordability.<\/p>\n

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The move comes as President Donald Trump has increasingly focused on the issue following Republican losses in the 2025 midyear elections, which Democrats attributed in part to their messaging on affordability.<\/p>\n

Trump has described the affordability crisis as a \u201ccon job,\u201d but despite his frustration, the president is expected to spotlight the topic more frequently. His renewed focus was evident during a recent press conference where he unveiled plans to lower the cost of obesity medications.<\/p>\n

Trump continued to emphasize housing affordability over the weekend, posting a graphic on Saturday that appeared to preview a new 50-year mortgage proposal,\u00a0the Washington Examiner reported.<\/p>\n

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The image, titled \u201cGreat American Presidents,\u201d featured former President Franklin D. Roosevelt and Trump side by side, labeled \u201c30-Year Mortgage\u201d and \u201c50-Year Mortgage,\u201d respectively \u2014 a nod to Roosevelt\u2019s introduction of the 30-year mortgage during the New Deal era.<\/p>\n

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Federal Housing Finance Agency Director Bill Pulte later confirmed that the administration is \u201cworking on\u201d the 50-year mortgage plan, describing it as a \u201ccomplete game changer\u201d for improving housing affordability.<\/p>\n

Trump\u2019s comparison to Roosevelt underscores his push for extending mortgage terms as part of a broader effort to address the rising cost of homeownership.<\/p>\n

The 32nd president\u2019s New Deal ushered in a wave of taxpayer-supported programs, including the creation of the Federal Housing Administration, designed to provide relief during the Great Depression by extending mortgage repayment periods. However, the 30-year mortgage term itself was not formally authorized by Congress until the late 1940s \u2014 several years after Roosevelt\u2019s death in office.<\/p>\n

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Trump\u2019s preview of the proposed 50-year mortgage marks at least a partial fulfillment of his campaign pledge to address housing affordability. On his first day of his second term, he signed an executive order directing all federal agencies to \u201cdeliver emergency price relief\u201d to the public, with a particular focus on the housing market. The order specifically called for measures to reduce housing costs and increase the supply of homes nationwide, the Examiner reported.<\/p>\n

Some Republicans, however, have recoiled at the notion of a 50-year mortgage.<\/p>\n

Rep. Thomas Massie (R-KY) argued that high interest rates paid on a 50-year mortgage loan would cancel perceived benefits.<\/p>\n

\u201cAfter paying on a home for 5 years, if the rate is 7% on a 50-year mortgage, you will have paid only 1.3% of the principal,\u201d he posted on X.<\/p>\n

\u201cIf you needed a 50-year loan, you probably didn\u2019t put much down at closing. Seems like a recipe for default & no ability to move for better jobs or school,\u201d Massie added.<\/p>\n

Rep. Marjorie Taylor Greene (R-GA) echoed the thought, writing \u201cIn debt forever, in debt for life\u201d in a social media post that said the 50-year mortgage\u00a0would mostly benefit\u00a0\u201cbanks, mortgage lenders. and home builders, while people pay far more in interest over time and die before they ever pay off their home.\u201d<\/p>\n

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Greene proposed several alternatives to Pulte\u2019s 50-year mortgage plan, including allowing individuals with strong rent payment histories to qualify for home loans and advancing her own legislation to eliminate the federal capital gains tax on the sale of primary residences.<\/p>\n

Other critics joined in, with Republican figures Laura Loomer and Matt Walsh urging President Trump to prioritize his immigration agenda instead.<\/p>\n

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Conservative commentator Meghan McCain also weighed in, arguing that Washington should pursue alternative ways to improve affordability \u2014 such as \u201craising wages or lowering costs\u201d \u2014 rather than encouraging \u201cdebt for life with a 50-year loan.\u201d<\/p>\n

The Trump administration has increased efforts to speak about ideas on affordablity and addressing issues left beind by the Biden administration.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Federal Housing Finance Agency Director Bill Pulte announced Saturday that the agency is developing plans to introduce a 50-year mortgage option, an initiative aimed at addressing growing public concerns over … <\/p>\n","protected":false},"author":1,"featured_media":25095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/25099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25099"}],"version-history":[{"count":1,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/25099\/revisions"}],"predecessor-version":[{"id":25100,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/25099\/revisions\/25100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/media\/25095"}],"wp:attachment":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}