The Trump administration is “indeed working on” a plan to introduce 50-year mortgages for home buyers, Federal Housing Finance Agency Director Bill Pulte announced Saturday.
“Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer,” Pulte wrote in a statement on the social platform X.
The director included a graphic from a Truth Social post by President Donald Trump from earlier in the day showing a portrait of former President Franklin D. Roosevelt next to one of the current president with their mortgage lengths.
Roosevelt established the fixed-rate 30-year mortgage as part of his New Deal to help…
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