Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a “complete game changer.” UBS Group AG analysts agree — but not necessarily in a good way.
In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
Affordability Boost Comes At A Price
President Donald Trump’s idea, which came days after his party lost key elections centred around the cost-of-living crisis, has drawn controversy and outrage — even from members of his own party.
“All …
Full story available on Benzinga.com
Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a “complete game changer.” UBS Group AG analysts agree — but not necessarily in a good way.
In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
Affordability Boost Comes At A Price
President Donald Trump’s idea, which came days after his party lost key elections centred around the cost-of-living crisis, has drawn controversy and outrage — even from members of his own party.
“All …
Full story available on Benzinga.com
Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a “complete game changer.” UBS Group AG analysts agree — but not necessarily in a good way.
In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
Affordability Boost Comes At A Price
President Donald Trump’s idea, which came days after his party lost key elections centred around the cost-of-living crisis, has drawn controversy and outrage — even from members of his own party.
“All …Full story available on Benzinga.com Read MoreAnalyst Color, News, Markets, General, News, Analyst Color, Markets, General, Benzinga Markets
