Lower interest rates would likely wipe away the need for President Donald Trump’s proposed 50-year mortgage, a senior U.S. Treasury adviser said Wednesday.
Treasury Adviser Says Fed Holds Real Key
Speaking at the Reuters NEXT summit in New York, Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, said the 50-year loan idea, floated by the White House and the Federal Housing Finance Agency to cut monthly payments, matters less than the Fed’s pace of easing.
Won’t Need 50-Year Trump Mortgages If The Fed Moves To Cut Rates, Says White House Treasury’s Adviser
