Proposed 50-Year Mortgage Option Introduced by Trump Administration\n\nPresident Trump has proposed a federal government backing for a 50-year mortgage option for homebuyers. Federal Housing Finance Agency Director Bill Pulte characterized the plan as a "complete game changer."\n\n## Background and Rationale\n\nStandard mortgage terms typically span 30 years. Proponents of the 50-year option suggest it could broaden access to homeownership for prospective buyers facing current market challenges. The housing market currently features a slowed pace of home sales, with buyers encountering elevated mortgage interest rates and increasing home prices.\n\nTrump stated that criticisms regarding the proposal are "overblown," explaining, "All it means is you pay less per month, you pay it over a longer period of time. It's not like a big factor. It might help a little bit."\n\n## Criticisms and Concerns\n\nSkepticism regarding the plan has been voiced. Laura Ingraham of Fox News reported "significant MAGA backlash," with critics describing the proposal as a "giveaway to the banks and simply prolonging the time it would take for Americans to own a home outright."\n\nChris Hendrix, senior vice president for home loans at NBKC Bank, noted that a 50-year loan would extend borrowers' debt by 20 years compared to a 30-year mortgage. Standard repayment schedules prioritize interest payments in the initial years, leading to a slower accumulation of home equity. This effect would be more pronounced with a 50-year term, where borrowers would pay