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Federal Housing Finance Agency Director Bill Pulte said on Saturday that the Trump administration is developing a plan to offer 50-year mortgage terms to homebuyers.
“Thanks to President Trump, we are indeed working on The 50 year Mortgage, a complete game changer,” Pulte wrote on X.
His comments followed a Truth Social post from President Donald Trump, who shared a graphic comparing himself with former President Franklin D. Roosevelt. The Roosevelt administration created the 30 year mortgage standard during the New Deal to help Americans recover from the Great Depression.
President Trump campaigned last year on improving housing affordability for younger buyers, but rising prices have made that goal more difficult. Home prices and borrowing costs remain elevated. Redfin estimates the median household now spends about 38.4 percent of its monthly income on mortgage payments.
In May, President Trump announced that he was considering making Fannie Mae and Freddie Mac public again. The two companies were created by Congress and operated as private firms with Treasury backing until the 2008 housing crash.
“I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” President Trump wrote on Truth Social. He said he would decide in the “near future,” adding that the companies are generating significant cash.
Pro America Politics noted the key advantages of the proposed 50-year program.
“A 50 year mortgage versus a 30 year mortgage would lower a mortgage payment by almost $500 a month on a $500,000 house. That would really help young people get their own home,” the group posted to X.
“The goal would be to refinance into a shorter term when you are more financially established, but this gives them a chance of not being stuck in an apartment their whole lives. It’s a good idea considering there aren’t very many good options out there,” it continued.
The idea remains tentative at this point. According to Newsweek, a U.S. Federal Housing spokesman stated, “We continue to evaluate all options to address housing affordability, including studying how to make mortgages assumable or portable.”
