Mortgages

Trump Proposes 50-Year Mortgages: Potential Benefits and Drawbacks for Homebuyers

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Trump Proposes 50-Year Mortgages: Potential Benefits and Drawbacks for Homebuyers

President Donald Trump has proposed creating 50-year mortgages to solve the housing affordability crisis, an idea that has provoked strong debate about the pros and cons of longer-term loans for homebuyers. Trump floated the idea over the weekend on his Truth Social site, where he posted an image touting himself as the creator of the … Read more

Fed Cuts Interest Rate Again as Layoffs Mount: What it Means for Mortgages as Markets React

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Fed Cuts Interest Rate Again as Layoffs Mount: What it Means for Mortgages as Markets React

The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more