Trump Administration Explores Potential Introduction of 50-Year Mortgage Option, Confirms Housing Director

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The Trump administration is actively crafting a proposal to introduce 50-year mortgage terms for prospective homeowners, according to Federal Housing Finance Agency (FHFA) Director Bill Pulte, who made the announcement on Saturday.

Pulte took to the social media platform X to share the news, stating, “Thanks to President Trump, we are indeed working on The 50 year Mortgage — a complete game changer.”

This announcement came on the heels of a Truth Social post by President Trump, which featured a graphic comparing him to former President Franklin D. Roosevelt. Roosevelt’s administration is credited with establishing the 30-year mortgage as part of the New Deal to assist Americans during the recovery from the Great Depression.

Amid these developments, adjustable-rate mortgages are experiencing a resurgence, prompting discussions on their implications.

In parallel, Trump has been a vocal advocate for making housing more affordable for younger generations, although his efforts have recently encountered challenges due to rising prices.

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.

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Trump Administration Explores Potential Introduction of 50-Year Mortgage Option, Confirms Housing Director

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Trump Administration Explores Potential Introduction of 50-Year Mortgage Option, Confirms Housing Director

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