President Donald Trump played down the significance of his proposed 50-year mortgage plan in a recent interview, calling it “not even a big deal… it might help a little bit,” during a segment on Fox News with Laura Ingraham. The idea, which aims to extend mortgage terms for Americans, has triggered a wave of criticism across the political spectrum, as Ingraham noted, with some labeling it a financial trap for homebuyers and a windfall for banks.
In the interview aired on The Ingraham Angle, the Fox host pressed Trump on the impact of his housing proposals, including the much-discussed 50-year mortgage concept. Housing costs, Ingraham noted, are pushing the average age of first-time buyers to 40—“sad for the country,” she remarked. Trump defended the policy by saying he “inherited” the predicament and characterized the shift from traditional 30-year to potential 50-year mortgages as minor: “It’s not even a big deal … all it means is you pay less per month, you pay it over a longer period of time. It’s not, like, a big factor. It might help a little bit,” Trump insisted.
