President Donald Trump is shaking up the housing market again with an idea that has real estate insiders talking. The president has proposed a 50 year mortgage plan designed to make home ownership more attainable for young Americans struggling under record housing costs.
“Thanks to President Trump, we are indeed working on The 50 Year Mortgage, a complete game changer,” said Bill Pulte, the U.S. Director of Federal Housing, on X. Pulte added that the initiative is part of a broader effort to “ensure the American Dream for young people.”
The concept is simple. Stretch out mortgage terms to reduce monthly payments and make it easier to buy a first home. For example, a $300,000 home at a 5 percent interest rate with a 5 percent down payment would cost $1,530 a month with a 30 year mortgage, but just $1,294 under a 50 year plan.
Critics, however, are not convinced. Some Republicans, including Representative Marjorie Taylor Greene and Representative Thomas Massie, argue the plan could leave Americans “in debt for life,” paying more in total interest over time. Greene called it a “reward for banks,” while Massie compared it to the globalist mantra of “own nothing and like it.”
Still, free market leaders say the proposal reflects Trump’s pro growth mindset, empowering buyers instead of bureaucrats. Opendoor CEO Kaz Nejatian called it “the most pro homeowner government policy of the last two decades.”
As housing costs rise, Trump’s proposal once again puts the focus on restoring affordability, expanding opportunity, and keeping the American Dream within reach.