By In a bid to counter mounting affordability pressures in the housing market, the Trump administration has thrown its support behind the creation of 50-year mortgages—a significant departure from longstanding U.S. lending norms. The move was confirmed by Federal Housing Finance Agency (FHFA) Director Bill Pulte, who said Saturday that his office “is actively pursuing” the extended repayment model.
The announcement tracks with recent remarks from President Trump, who has repeatedly pushed for new tools to ease the financial burden on prospective homeowners, noted The Daily Caller. The FHFA, which oversees the major entities that drive the nation’s mortgage market, is now working to broaden access to long-term loan products as part of ongoing discussions about restructuring the government-backed institutions that support U.S. lending.
Trump first floated the idea on Truth Social, posting an image meant to evoke Franklin D. Roosevelt and the New Deal creation of the 30-year mortgage. The comparison underscored a theme that has defined his campaign messaging: modernizing the pathway to homeownership for younger Americans. Yet home prices continue to climb, tightening the squeeze on millennials and Gen Z buyers and pushing key life milestones ever further down the road.
Recent indicators show the strain is acute. Online searches for mortgage assistance have surged to their highest levels since the aftermath of the 2009 financial crisis. Adjustable-rate mortgages now account for roughly 10 percent of all applications—far above the post-2008 average of 6 percent—according to data from the Mortgage Bankers Association. Redfin, meanwhile, reports that housing costs consume an average of 38.4 percent of take-home pay, contributing to a marked aging of first-time buyers.
We are also working on ways to give relief in the 5 year mortgage, the 10 year mortgage, and the 15 year mortgage.
Biden really made it impossible for people to buy a home and start a family! https://t.co/qz39wBxTTY
— Pulte (@pulte) November 9, 2025
The administration’s mortgage initiative arrives alongside a broader push to reexamine the future of Fannie Mae and Freddie Mac. In a May Truth Social post, Trump signaled interest in returning the two mortgage giants to the private market. “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” he wrote. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right.” Created by Congress to stabilize the mortgage market, both entities operated as private firms until the 2008 crash forced a federal takeover. Pulte said in October that the White House is evaluating whether a market release could occur as soon as late 2025, describing the strategy as “opportunistic.”
Supporters of the 50-year mortgage argue that spreading payments over a longer horizon could significantly reduce monthly costs and unlock demand in a sluggish sector. Critics counter that the model risks saddling borrowers with substantially higher lifetime interest payments and could introduce new stresses to lenders’ balance sheets.
With details still emerging, the FHFA has not provided a rollout timeline. But Pulte’s confirmation marks a notable shift in federal housing policy—one that echoes historic reforms even as it responds to the economic pressures shaping today’s market.
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