Trump Proposes 50-Year Mortgage Plan

The Trump administration is exploring a 50-year mortgage plan as a potential solution to improve housing affordability amid rising costs. This proposal, described by the housing chief as a 'game changer,' aims to ease market pressures by extending loan terms beyond the traditional 30-year mortgage. The initiative seeks to help more Americans access homeownership and address the current housing market gridlock. This move marks a significant shift in U.S. housing policy and could reshape the financial landscape for homebuyers if implemented. The administration is actively working on developing the details of this long-term mortgage option.