Nov. 10 (UPI) -- The Trump administration is working on a plan to introduce a 50-year fixed-rate mortgage with the goal of making homeownership more affordable for millions of Americans, as some analysts warn of hidden costs.
Federal Housing Finance Agency Director Bill Pulte confirmed the report, saying the proposed 50-year loan would lower monthly payments to bring more buyers into the housing market.
"Thanks to President Trump, we are indeed working on The 50-year Mortgage -- a complete game changer," Pulte wrote Saturday in a post on X. Trump has compared the plan to the 30-year mortgage from President Franklin D. Roosevelt's New Deal.
Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer. https://t.co/HZDPzO0qJG— Pulte (@pulte) November 8, 2025
"We hear you. We are laser focused on ensuring the American Dream for young people and that can only happen on the economic level of home buying," Pulte added. "A 50-year mortgage is simply a potential weapon in a wide arsenal of solutions that we are developing right now: stay tuned."
