"Most people who take out mortgages go with a 30-year term. But President Trump wants the federal government to back a 50-year mortgage option for homebuyers a plan that would be "a complete game changer," according to Federal Housing Finance Agency Director Bill Pulte. Backers of the idea say it could help more prospective buyers get into a home they might not otherwise afford."
"But skepticism abounds, with Fox News' Laura Ingraham telling Trump this week that the proposal "has enraged your MAGA friends." Ingraham cited "significant MAGA backlash, calling it a giveaway to the banks and simply prolonging the time it would take for Americans to own a home outright." Trump said the criticism is overblown: "All it means is you pay less per month, you pay it over a longer period of time. It's not like a big factor. It might help a little bit.""
President Trump proposes federal backing for 50-year mortgages to lower monthly payments and enable more prospective buyers to afford homes. Supporters call the plan a game changer and argue it could open the market to those priced out. Critics and some MAGA supporters say it benefits banks, prolongs the time until outright ownership, and generates significant backlash. The plan would extend borrower debt by 20 years and slow equity accumulation because early payments primarily cover interest. Higher interest rates and rising home prices are already slowing sales, and experts warn 50-year schedules resemble extended interest-only periods.
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