In an attempt to make home buying more affordable, President Trump floated the idea of a 50-year mortgage in social media post. In response, FHFA Director Bill Py, who oversees Fanny May and Freddy Mack, posted that they are quote working on it and that it would be quote a complete gamecher. Now, the purpose of a longerterm mortgage would be to lower the monthly payment for homeowners.The longer the term of the loan, the smaller the principal needed each month to pay it off in full. Now, using the latest la ...

Welcome back. So, could a 50-year mortgage option be on the horizon. The Trump administration raising the prospect of such a loan over the weekend.Our Diana Olle joins us now with the story, Diana. So, how would this work. Well, so Sarah, in an attempt to make home buying more affordable, President Trump floated the idea of a 50-year mortgage in social media post.In response, FHFA Director Bill Py, who oversees Fanny May and Freddy Mack, posted that they are quote working on it and that it would be quote a ...

People are more upset about a 50 year mortgage than they are about the government sponsored lottery in every gas station, sports betting ads shoved down the throats of the younger generation, and accreditation laws that prevent smart people from investing in the private market. ...

When we start off with the news over the weekend, we heard the we saw the president post about this, a 50-year mortgage. The 30-year has been the standard here in the US. We also, in all fairness, offer 15-year mortgages.>> Yeah. >> Your thoughts on a 50-year mortgage and what would that do to home prices. The idea of a longer mortgage.>> So, it's interesting. We we ran the math. Um, it's about $120 in savings per month.It increases buying power by by about 5%. So, call it $20,000. Um, but it's not a clean ...

RT Adam Livingston (@AdamBLiv)The 50-year mortgage is actually brilliant if your IQ is over 120.Everyone else is screaming about debt slavery while the rest of us are running the numbers like, ‘Wow, I get to pay less per month AND the dollar collapses faster than I can?’Congrats, you just turned your house into a leveraged short on the United States government.Millennials finally get a win, and it’s betting against America’s ability to do math. ...

RT OkinawaMoongazer (@joeybeastmarket)>wake up>fridge empty>finance a 4 week payment plan for my $185 grocery haul>account overdrawn>check 401k>on track to have $11k per year after age 67>only 46 years left on my mortgage>already paid $316k in interest>principal paid: $9kyup, it’s zoomer time ...

Enjoying my favorite American restaurant today because I refinanced to a 50 year mortgage and have extra cash https://t.co/t8zWVj3H4zWendy O (@CryptoWendyO):I don’t think a 50 year mortgage is bad.It gives everyone more flexibility financiallyYou can pay a mortgage off earlyNot sure how else to lower home costs in 2025 ...

The 50-year mortgage is how they're making homes more "affordable" for young people, without lowering asset prices for boomers.Housing makes up 60% of the average American's portfolio—it is politically protected.More homes would mean lost elections. So, debt slavery it is.Joe Consorti (@JoeConsorti):This barely moves the needle on housing affordability.A $500k mortgage would be ~$3,160/mo over 30 years and $2,793/mo over 50 years.Just an 11% reduction in the monthly payment + an additional $538,200 in inter ...

I don’t think a 50 year mortgage is bad.It gives everyone more flexibility financiallyYou can pay a mortgage off earlyNot sure how else to lower home costs in 2025 ...

Getting some breaking news out of the New York Fed. For that, we'll turn to Steve Leeman. Morning, Steve. >> Morning, Carl.Household debt, the third quarter New York Fed household debt and credit report, household debt uh balances rising uh by 197 billion. Call it 200 billion to 18.6% trillion. Uh that's a new record, but up only modestly.Mortgage and student loan and credit card debt all rose modestly. He locked debt up a little bit uh more actually a little bit elevated but auto loan debt which we've been ...