Lower rates would likely eliminate the need for 50-year mortgage, Treasury adviser says

Reuters

Wed, December 3, 2025 astatine 10:52 AM CST 1 min read

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New York, Dec ‌3 (Reuters) - Lower involvement rates would apt destruct the ‌need for a 50-year owe floated by President Donald Trump's medication to boost lodging affordability, Joseph Lavorgna, a counsellor to ⁠U.S. Treasury ‌Secretary Scott Bessent, told Reuters NEXT connected Wednesday.

Lavorgna said that the ‍idea of a 50-year owe was not needfully officially disconnected the table, but noted that ​it was a connection from the ‌Federal Housing Finance Agency to effort to little monthly owe payments. The occupation with the lodging marketplace is that involvement rates are excessively precocious due to the fact that of ⁠the Federal Reserve's cautious ​approach to lowering them, ​he added.

"We won't request a 50-year owe if the Fed was ‍lowering its ⁠rates, which I deliberation it will," Lavorgna said, "But it's been, I think, ⁠very dilatory and uneven connected that score."

(Reporting by ‌Andrea Shalal and David Lawder; Editing ‌by Chizu Nomiyama )