Concerns Mount Over Trump's 50-Year Mortgage Plan and Its Long-Term Costs
TL;DR Summary
President Trump proposed a 50-year mortgage plan backed by the federal government, aiming to make homeownership more affordable by lowering monthly payments, but it faces skepticism due to higher total interest costs and potential legal and market challenges. Critics argue it may not effectively address housing affordability and could prolong debt for buyers.
- 3 questions about Trump's 50-year mortgage plan NPR
- Affordability is in crisis. The solution: You’ll never own anything again CNN
- Josh Johnson Isn’t Sold on Trump’s 50-Year Mortgage Plan The New York Times
- Trump's 50-year mortgage would save you about $119 a month while doubling the interest you pay over the long run, UBS estimates Fortune
- A 50-year mortgage could leave home buyers in Utah paying hundreds of thousands more in interest KSLTV.com
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