The Trump administration is working on a proposal to offer 50-year mortgages to help young people buy homes, William Pulte, director of the Federal Housing Finance Agency, confirmed on Nov. 8.
Pulte added that the Trump administration is working on ways to give relief to people with a 5-year mortgage, 10-year mortgage, and a 15-year mortgage.
A Federal Housing Finance Agency spokesman did not give additional information regarding how a 50-year mortgage plan would work.
“We continue to evaluate all options to address housing affordability, including studying how to make mortgages assumable or portable,” the spokesman wrote on Nov. 9 in response to an inquiry by The Epoch Times.
Fixed-rate mortgages are usually for a term of 15–30 years.
U.S. house prices rose by 2.3 percent from August 2024 to August 2025, according to the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index (FHFA HPI).
The FHFA HPI tracks public single-family home prices in over 400 American cities.
In the past year, all regions across the country rose, except for the Pacific, which saw a 0.6 percent drop in home prices.
The most significant jump took place in the Middle Atlantic, which saw a 6.3 percent jump.
The mid-Atlantic region includes New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, and the District of Columbia.
Homes in the New England and the East North Central regions (Illinois, Indiana, Michigan, Ohio, and Wisconsin) saw an average price rise of 4.7 percent.
The Trump administration’s potential 50-year mortgage proposal differs greatly from the proposal Vice President Kamala Harris set forth during her 107-day presidential campaign.
Harris suggested $25,000 in down payment assistance for first-time homebuyers, an idea that was praised by the National Housing Conference.
The survey also stated that 7 percent of Americans reported missing a mortgage payment in the past three months, while 14 percent of survey respondents said they will miss or be late on a payment in the next three months.
