TRUMP FLOATS 50-YEAR MORTGAGES TO HELP YOUNG HOMEBUYERS
Trump compared the idea to FDR’s creation of the 30-year mortgage, which helped millions of Americans afford homes during the Great Depression.
A 50-year term could cut monthly payments and open the housing market to a new generation locked out by high prices and interest rates.
No formal policy has been announced yet, but the concept is already sparking debate.
Trump compared the idea to FDR’s creation of the 30-year mortgage, which helped millions of Americans afford homes during the Great Depression.
A 50-year term could cut monthly payments and open the housing market to a new generation locked out by high prices and interest rates.
No formal policy has been announced yet, but the concept is already sparking debate.