President Donald Trump's administration is proposing a new 50-year mortgage, which could be the boldest change in American housing finance since Franklin D. Roosevelt introduced the 30-year mortgage during the Great Depression.
Bill Pulte, Federal Housing Finance Agency Director, called it a "complete game changer" for homebuyers, arguing that spreading payments over five decades could make homes more affordable for younger Americans priced out of today's market.
Receive Unlimited Access to ALL Newsmax Platinum Reports!
By becoming an exclusive Newsmax Platinum member, you receive:
- special investigative reports
- breaking political insider news, including VIP interviews from Washington
- in-depth interviews with A-list celebs driving the day's headlines
- thousands of articles you won't find anywhere else!
All just by becoming a Newsmax Platinum Member today!
Sign Up for Platinum AccessLogin
Jerry McGlothlin ✉
Jerry McGlothlin is a writer, media consultant, and CEO of Special Guests Publicity, a firm specializing in booking guests on major media platforms. With decades of experience in communications, he focuses on exploring political and societal issues from a conservative perspective.