#lock-in-effect

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fromFortune
1 month ago

Move over, 30-year mortgage. The Trump White House is working on a 50-year option to break the housing market gridlock | Fortune

The Trump administration is moving forward with a plan to introduce a 50-year fixed-rate mortgage, a reform officials believe could make homeownership more feasible for millions of Americans amid soaring prices and mounting affordability concerns. "Thanks to President Trump, we are indeed working on The 50-year Mortgage - a complete game changer," Federal Housing Finance Agency Director Bill Pulte said Saturday in a statement released on social media.
US politics
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