Overview
- President Trump told Fox News the longer loan would simply lower monthly payments, calling it “not even a big deal” that “might help a little bit.”
- FHFA Director Bill Pulte posted that the agency is working on a 50-year mortgage and exploring assumable or portable loans, while the White House offered support but provided no specifics.
- CBS reported some White House officials were unhappy the idea surfaced without full vetting, even as economic aides discussed longer terms in broader affordability talks.
- Housing economists warn monthly savings would be modest while total interest costs would soar and equity would build far more slowly, with potential for higher rates and greater negative-equity risk.
- Dodd-Frank qualified-mortgage rules cap terms at 30 years, suggesting legislation or regulatory changes plus lender and investor buy-in would be needed before any new product could launch.