What would 50-year mortgages mean for buyers?

THE TRUMP ADMINISTRATION HAS BEGUN PROMOTING the idea of 50-year mortgages as a way to make homes more affordable for buyers—a plan that has drawn criticism even from some of the President’s allies, and that experts warn could come with potentially major drawbacks. President Trump floated the idea of introducing 50-year mortgages in a Truth Social post on Nov. 8. Soon after, Federal Housing Finance Agency director Bill Pulte wrote in a post on X: “Thanks to President Trump, we are indeed working on The 50 year Mortgage—a complete game changer.”

- BY CHANTELLE LEE

The longer-term mortgage would mark a significant extension on the most common type of home loan in the U.S., a 30-year fixed mortgage, which borrowers repay over three decades.

Several right-wing commentators and lawmakers were quick to voice opposition to the idea, which Representative Marjorie Taylor Greene said in a post on X would “ultimately reward the banks, mortgage lenders, and home builders while people pay far more in interest over time and die before they ever pay off their home.”

The Trump Administration’s proposal also generated criticism from housing experts, who say that the benefits to homebuyers would be minimal.