Trump Endorses 50-Year Mortgages as Russia Rejects Extending Loan Terms
Russian officials say housing affordability is being addressed through subsidized interest rates rather than longer maturities.
Overview
- President Donald Trump told Fox News he supports allowing 50-year home loans in the United States, where 30-year mortgages are standard.
- State Duma committee chair Sergey Gavrilov warned that extending terms to 50 years would prop up housing prices and heighten long-term risks for borrowers.
- Gavrilov cautioned that such ultra-long loans could shift risks onto the state and taxpayers and effectively stretch debt across generations.
- Some market experts in Russia suggested tightly targeted, preferential 50-year mortgages for young specialists but emphasized they require very low rates.
- Deputy committee chair Vladimir Koshelev said Russia is not considering 40–50 year terms and is prioritizing rate subsidies through programs like Family Mortgage.