The American Dream may have just gotten a five-decade payment plan.
President Donald Trump has suggested creating a new, 50-year mortgage plan as a way to encourage young people to buy real estate, according to a post on his Truth Social platform. The U.S. Director of Federal Housing Bill Pulte also replied on X, saying that the agency was working to institute the new housing proposition.
"Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer," Pulte posted.
"We hear you. We are laser focused on ensuring the American Dream for YOUNG PEOPLE and that can only happen on the economic level of homebuying. A 50 Year Mortgage is simply a potential weapon in a WIDE arsenal of solutions that we are developing right now. STAY TUNED!" he added.
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