Counselor to Treasury Sec’y: 50-Year Mortgage ‘Probably Not an Optimal Approach’

On Thursday’s broadcast of NewsNation’s “The Hill,” Joseph Lavorgna, Counselor to the Secretary of the Treasury Scott Bessent, stated that the 50-year mortgage proposal didn’t come from the Treasury Department and is “probably not an optimal approach.”

Host Blake Burman asked, “Does the Treasury Department, Joe, believe that a 50-year mortgage is a good idea?”

Lavorgna answered, “The Treasury Department is looking at all sorts of factors. That was one proposal. The feedback has been such that, probably — and it did not come from Treasury — but probably not an optimal approach. But we’re looking at everything we possibly can do, and on the…

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