I told you this was coming, but I figured they’d go to 40-year mortgages.
I guess I was half-right, with President Trump announcing today that he wants to blow right past a 40-year mortgage and introduce a 50-year mortgage to get monthly payments down for homebuyers.
President Trump posted this to TruthSocial:
Trending: VIDEO: Large Lineman Goes Viral for Ridiculous Interception Return
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If you don’t know your history, you might not realize that it was President Roosevelt (Franklin Delano, not Teddy), who first introduced the 30-year mortgage to make the American dream of owning a home possible.
Before then, many people could not afford homes and those who could often purchased in cash.
Now President Trump is invoking Roosevelt to show there is a clear historical basis for taking the next logical
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