"Trump defended the policy by saying he "inherited" the predicament and characterized the shift from traditional 30-year to potential 50-year mortgages as minor: "It's not even a big deal ... 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," Trump insisted."
""Thanks to President Trump, we are indeed working on The 50-year Mortgage - a complete game changer," the Federal Housing Finance Agency Director Bill Pulte said Saturday in a statement released on social media. Trump further argued that the more pressing issue was the spike in interest rates, blaming President Biden and Federal Reserve Chair Jerome Powell-whom he referred to as "Too Late"-for sluggish responsiveness."
President Donald Trump minimized a proposal for a 50-year mortgage, saying it is "not even a big deal" and that it "might help a little bit." The plan would lengthen mortgage terms from 30 to 50 years, lowering monthly payments while extending repayment periods. Critics across the political spectrum warned the policy could become a financial trap for homebuyers and a windfall for banks. Federal Housing Finance Agency Director Bill Pulte called the 50-year mortgage a "complete game changer" and announced work on the idea. Trump blamed high interest rates on President Biden and Federal Reserve Chair Jerome Powell and said rates will fall while defending the economy's strength.
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