White House Officials Concerned About 50-Year Mortgage Proposal

A proposal for a 50-year mortgage, suggested by Federal Housing Finance Agency head Bill Pulte, was not properly vetted by top Trump administration officials before being publicly announced. While President Trump approved a Truth Social post about the idea, some officials expressed frustration, stating the proposal was not ready. Trump defended the mortgage concept, emphasizing lower monthly payments despite potential higher total costs due to extended interest payments. Current housing costs remain a concern, with homeowners spending significantly above recommended affordability thresholds.

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