“Is this going to make home ownership more accessible for first-time home buyers? I don’t think so,” he says.
Amid criticism over the proposal, Pulte acknowledged in a post on X on Sunday, “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!”
The President also responded to criticism over the idea. In an interview with Fox News that aired on Monday, he said a 50-year mortgage is “not even a big deal.”
“All it means is you pay less per month,” Trump said. “You pay it over a longer period of time. It’s not like a big factor. It might help a little bit.”
What a 50-Year Mortgage Would Mean for Home Buyers
