President Donald Trump is promoting a new federal initiative to allow 50-year fixed-rate mortgages, a move that has ignited debate across the political spectrum as Americans face record housing costs. The proposal, framed by the administration as a strategy to improve affordability, has drawn strong reactions from conservatives and economists who warn it could saddle families with lifetime debt.
The Trump administration is exploring a plan through the Federal Housing Finance Agency (FHFA) to introduce a 50-year mortgage product, expanding the traditional 30-year model that has defined U.S. home loans for nearly a century.
FHFA Director Bill Pulte confirmed on X Saturday that the agency is “working on the 50-year mortgage, a complete game changer, thanks to President Trump.”
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