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Strategies & Market Trends : World Outlook

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To: Les H who wrote (48776)	11/9/2025 3:45:29 PM
From: Les H	Read Replies (2) of 50476

What is a 50-year mortgage? Trump under fire for latest idea to tackle housing costs Updated: Nov. 09, 2025 By Lauren Sforza \| NJ Advance Media for NJ.com President Donald Trump is facing intense backlash after a top official floated a new proposal to address housing affordability issues in the United States. Federal Housing Finance Agency Director Bill Pulte said on Saturday the Trump administration is “working on” a 50-year mortgage plan — a significant shift from the standard 30-year fixed-rate mortgage that was set in the wake of the Great Depression. Trump has vowed to lower costs for home buyers since being sworn into office as prices have skyrocketed in recent years. “Thanks to President Trump, we are indeed working on The 50 year Mortgage — a complete game changer,” Pulte wrote on social media platform X. Pulte responded to a post from Trump’s Truth Social account in which he shared a graphic of himself next to President Franklin D. Roosevelt, whose administration oversaw the reform of mortgages following the Great Depression. A standard 30-year fixed-rate mortgage is popular for homebuyers due to its stability and low monthly payments over the set period of time. Some Trump allies have praised the 50-year-mortgage idea for helping lower costs for young home buyers, but critics have argued a 50-year mortgage would leave Americans in debt for most of their lives. U.S. Rep. Marjorie Taylor Greene (R-Ga.), a staunch Trump supporter who has recently turned critical of the Republican Party, shut down the proposal of a 50-year mortgage in a post on X. “I don’t like 50-year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders. and home builders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for life!” Greene wrote on X. Trump faces fierce backlash for 50-year mortgage proposal: 'In debt for life' - nj.com His followers aren't too happy about the $ 2,000 tariff refund check either.

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