Mon - Fri 8:00 - 6:30

Trump's 50-year mortgage may burden Americans with more debt, experts say

Economists are warning that President Donald Trump’s proposed plan to ease mortgage costs could saddle millions of Americans with longer-term debt, a short-term relief that may carry a lifetime price tag.Over the weekend, Trump floated the idea of a 50-year mortgage in a Truth Social post. Bill Pulte, the director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, confirmed in a separate post that the administration was "indeed working on" the new mortgage option and called it "a complete game changer."THE PRICE OF BUILDING A HOME KEEPS CLIMBING — AND UNCERTAINTY

HALO NEWSLETTER

Keep reading HALO with a Free Subscription

unlock this story instantly and join members and pros reading HALO daily -It's Free

Leave A Reply