Federal Housing Finance Agency (FHFA) Director Bill Pulte announced on Saturday that the Trump administration is actively developing a strategy to implement 50-year mortgage terms for prospective homeowners.

“Thanks to President Trump, we are indeed working on The 50 Year Mortgage – a complete game changer,” Pulte expressed in a statement shared on the social platform X.

This announcement came after President Trump posted earlier on Truth Social, featuring a graphic that placed his image alongside that of former President Franklin D. Roosevelt. The Roosevelt administration, known for the New Deal, established the 30-year mortgage standard to assist Americans in recovering from the economic hardships of the Great Depression.

In a similar vein, Trump has been vocal about his commitment to enhancing housing affordability for younger generations, although he has recently encountered challenges in this area due to rising prices.

There has been a noticeable increase in Google searches for “help with mortgage,” reaching their highest level since 2009. Additionally, adjustable-rate mortgages (ARMs) have gained traction, comprising about 10 percent of all mortgage applications in September. This marks the highest proportion in nearly two years and significantly exceeds the post-2008 average of 6 percent, as noted by the Mortgage Bankers Association (MBA).

Still, home prices and interest rates remain relatively high, with the median household spending approximately 38.4 percent of their monthly income on mortgage payments, Redfin determined. 

In May, Trump said he was considering bringing Fannie Mae and Freddie Mac public. The two enterprises key to the mortgage market were originally created by Congress but remained private companies funded by the Treasury Department until the housing market crash in 2008.

“I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump wrote in post on Truth Social, adding that he would make a decision in the “near future.”

“Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right. Stay tuned,” he added.

Pulte, whose agency is responsible for keeping tabs on Fannie and Freddie, confirmed last month that Trump is “opportunistically evaluating” whether to release the two enterprises to the market as early as the end of 2025.

The FHFA director might be best known for his campaigns against Trump’s perceived enemies, including New York Attorney General Letitia James (D), who is facing mortgage fraud charges based on documents surfaced by the agency.