The Trump administration is working on a proposal to offer 50-year mortgages to help young people buy homes, William Pulte, director of the Federal Housing Finance Agency, confirmed on Nov. 8.
“We are indeed working on The 50 year Mortgage – a complete game changer,” Pulte posted on X.
Pulte announced that efforts are underway to pitch the idea after President Donald Trump hinted at expanding mortgage options for Americans in a Truth Social post on Nov. 8.
“We are laser focused on ensuring the American Dream for YOUNG PEOPLE and that can only happen on the economic level of homebuying,” Pulte wrote in an X post on Nov. 9. “A 50 Year Mortgage is simply a potential weapon in a WIDE arsenal of solutions that we are developing right now. STAY TUNED!”…