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Federal Housing Finance Agency Director Bill Pulte revealed that the Trump administration is actively developing a strategy to introduce 50-year mortgages for potential homeowners.
Pulte expressed excitement about the initiative on the social media platform X, stating, “Under President Trump’s leadership, we are making strides towards The 50 Year Mortgage – a revolutionary step forward.”
He shared an illustrative graphic featuring portraits of current President Donald Trump and former President Franklin D. Roosevelt, juxtaposing their respective mortgage policies.
Historically, Roosevelt introduced the 30-year fixed-rate mortgage as part of his New Deal, aiming to assist Americans in the aftermath of the Great Depression.
During his campaign, Trump emphasized expanding homeownership for young and first-time buyers, yet soaring housing prices and interest rates have persisted.
A report from the National Association of Realtors highlights that the average age of first-time homebuyers climbed to an unprecedented 40 years in 2025, a stark increase from previous generations when individuals typically purchased homes in their 20s and 30s.
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Another indicator of home unaffordability is adjustable-rate mortgage applications, or ARMs, which are designed to be a buffer against high rates.
Applications for ARMs have seen their highest share in mortgages being sought, according to a report by the Hill. They make up 10 percent of all applications, well above the post-2008 average of 6 percent, according to the Mortgage Bankers Association.
A 50-year fixed mortgage would result in lower payments but also more money spent on interest over the term of the loan, a proposal the reliably anti-Trump Drudge Report on Saturday headlined “Forever Debt.”
Newsweek, also often critical of the president, reported the 50-year proposal sparked a “backlash from online commentators,” among them Rep. Marjorie Taylor Greene (R-GA) in a post on X.
The congresswoman wrote, “Instead stop companies and asset managers from buying up single family homes, which has driven the price of homes and forced homebuyers to compete with corporations that turn thousands of homes into permanent rental homes.”
Others on X were more supportive, with one posting that a 50-year mortgage would substantially lower the house payment.
“That would really help young people get their own home,” wrote Pro American Politics. “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.”
Contributor Lowell Cauffiel is the author of the New York Times best seller House of Secrets and nine other crime novels and nonfiction titles. See lowellcauffiel.com for more.
