On Saturday, Bill Pulte, the Director of the Federal Housing Finance Agency (FHFA), announced that the Trump administration is currently developing a plan to offer 50-year mortgage terms for homebuyers.
Pulte expressed this development via a statement on the social platform X, saying, “Thanks to President Trump, we are indeed working on The 50 year Mortgage — a complete game changer.”
This announcement follows a post by President Trump on Truth Social earlier that day. The post featured a graphic comparing Trump with former President Franklin D. Roosevelt, whose administration introduced the 30-year mortgage standard during the New Deal to aid citizens in recovering from the Great Depression.
