Trump’s 50-year-mortgage proposal highlights problems in housing market
The White House aims to ease housing costs by backing a 50-year mortgage amid critiques that supply and interest rates remain key issues.
- The White House is considering backing a 50-year mortgage to help alleviate the U.S. home affordability crisis, publicized after President Donald Trump spoke with reporters on Nov. 7.
- The White House framed the plan as intended to ease a national home affordability crisis, with coverage credited to Gene J. Puskar and Evan Vucci, Associated Press.
- Immediate criticism followed the announcement as policymakers, social media users and economists said a 50-year mortgage would do little to resolve lack of supply and high interest rates.
- Backers argue the change would expand affordability by spreading loan terms over a longer period, while press coverage and presidential remarks could influence the White House's formal support.
- The proposal revived debate over policy choices for affordability versus housing supply and interest rates, with news coverage framing it as one option officials are weighing to tackle national housing affordability.
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33 Articles
'Distracted and disengaged' Trump's new 'tone-deaf' plans show 'lame duck' status: experts
Donald Trump is 'distracted and disengaged' according to an expert who believes recent administration choices highlight how 'tone deaf' the president is. Trump's announcements during the government shutdown, including a 50-year mortgage proposal and docked pay for air traffic controllers who did not...
Would a 50-year mortgage make home ownership attainable?
The American dream feels increasingly out of reach. The average age of first-time home buyers is now 40, and home prices have skyrocketed for years. President Donald Trump is offering a purported solution: The 50-year mortgage.Trump’s proposal “could meaningfully reshape a housing market where 30 years is the norm,” said CBS News. The extended term is a “potential weapon” for “ensuring the American Dream,” said Federal Housing Finance Agency Dir…
White House's 50-year mortgage proposal has one notable benefit, but a number of drawbacks
While it would decrease monthly payments, critics said it would do little to resolve other core problems, such as a lack of housing supply and high interest rates.
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