The Trump administration is preparing to roll out one of the boldest housing reforms in decades — a plan for 50-year mortgages that could transform homeownership for millions of Americans.
Federal Housing Finance Agency Director Bill Pulte confirmed the move Saturday, crediting President Trump for the idea. “Thanks to President Trump, we are indeed working on The 50 Year Mortgage – a complete game changer,” Pulte said on X.
The announcement came shortly after Trump posted a Truth Social image comparing himself to Franklin D. Roosevelt, whose New Deal created the 30-year mortgage standard during the Great Depression. Now Trump is poised to take that legacy further — easing pressure on young families struggling with rising prices and sky-high interest rates.
Google searches for “help with mortgage” recently hit their highest point since 2009. Adjustable-rate mortgages are also on the rise, as Americans look for ways to afford homes under Biden-era inflation. According to Redfin, the typical household now spends nearly 40% of its income on mortgage payments — a record burden.
Trump has repeatedly said he wants to make homeownership more attainable. In May, he announced he was considering bringing Fannie Mae and Freddie Mac back into the public market — a move that could open the door for private investment and competition in the housing sector.
“I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump posted on Truth Social. “They’re doing very well, throwing off a lot of cash, and the time would seem to be right.”
Pulte, who oversees both Fannie and Freddie, confirmed last month that Trump is “opportunistically evaluating” whether to release the two mortgage giants to the market by the end of 2025.
Beyond housing reform, Pulte has been a fierce defender of the Trump agenda — especially against political opponents like New York Attorney General Letitia James, who is now facing mortgage fraud charges uncovered by the FHFA.
For millions of Americans feeling squeezed by years of inflation, Trump’s 50-year mortgage proposal represents something the country hasn’t seen in a long time: real hope for the middle class.