WASHINGTON — President Donald Trump’s proposal to introduce 50-year mortgage terms has ignited intense debate among lawmakers, economists, and financial commentators. Federal Housing Finance Agency (FHFA) Director Bill Pulte confirmed Saturday that the administration is developing the plan, calling it a “complete game changer.”
Trump unveiled the idea on Truth Social, posting an image comparing himself to Franklin D. Roosevelt, who popularized the 30-year mortgage, writing “30-year mortgage” over FDR’s photo and “50-year mortgage” over his own. The administration says the plan aims to expand housing affordability as the average age of first-time homebuyers hits 40 amid soaring prices and borrowing costs.
Critics argue the proposal would burden Americans with lifelong debt. Rep. Marjorie Taylor Greene (R-Ga.) said it would “reward banks and lenders while people die before they pay off their homes.” Economist Logan Mohtashami warned it could “inflate demand” and slow wage-based housing corrections. Supporters, including investor John Pompliano, called it an innovative way to reduce monthly payments and increase flexibility for borrowers.
Pulte said further details of the plan are forthcoming, but no timeline has been announced.
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