Trump's 50-Year Mortgage: Long-Term Savings or New Debt Risk?
TL;DR Summary
A proposed 50-year mortgage by the Trump administration could lower monthly payments by about $119 but would double the total interest paid over the loan's life, according to UBS, raising concerns about long-term debt and demographic implications, while also suggesting that government investment in housing infrastructure might be a more effective solution.
Topics:top-news#business#housing-affordability#interest-rates#mortgage#trump-administration#ubs-analysis
- 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
- Josh Johnson Isn’t Sold on Trump’s 50-Year Mortgage Plan The New York Times
- Trump admin working on plan for 50-year mortgages: What it means for your budget Syracuse.com
- Affordability is in crisis. The solution: You’ll never own anything again CNN
- Trump’s 50-year mortgage just introduces a new kind of debt Fox News
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