The US government has floated the idea of a 50-year mortgage payment plan, drawing immediate criticism from policymakers, social media and economists, who said a longer real estate loan would do little to resolve other core problems in the housing market such as a lack of supply and high interest rates.
Bill Pulte, director of the Federal Housing Finance Agency, said on X over the weekend that a 50-year mortgage would be "a complete game changer" for homebuyers.
