As mortgage rates stay stubbornly high, President Donald Trump and his administration have floated a few ideas to help buyers afford a mortgage.
Most notably, the president said he’s considering 50-year mortgages. Bill Pulte, head of the Federal Housing Finance Agency, said his team is also exploring ways buyers can lock in low interest rates from older mortgages.
There are a slew of creative financing options out there that could make buying a home cheaper. But they can be risky. Some could backfire and lead to higher prices amid an ongoing housing shortage.
All of the discussion about more affordable mortgages is a function of politicians attempting to come up with short-term solutions to a complicated problem that can’t be fixed overnight because
Trump Is Floating Risky New Mortgage Ideas to Cut Costs
