Lower rates would likely eliminate the need for 50-year mortgage, Treasury adviser says
Yahoo Finance·2025-12-03 16:52
(Refiles to correct story identifier metadata for some readers, no change to content of story) New York, Dec 3 (Reuters) - Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump's administration to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary Scott Bessent, told Reuters NEXT on Wednesday. Lavorgna said that the idea of a 50-year mortgage was not necessarily officially off the table, but noted that it was ...