What did Scott Turner say about the 50-year mortgage?

He urged caution and said more research is needed, which signals no immediate change to HUD housing policy. That keeps current 15 and 30-year products as the norm while studies assess total interest costs, equity impacts, and market effects. Expect pilots or limited tests before any broader move.

Would a 50-year mortgage cut my monthly payment?

Yes, the monthly payment would drop because the loan is repaid over more years. For $400,000 at 6.5 percent, a 30-year is about $2,530 while a 50-year is about $2,250, roughly $280 saved monthly. The trade-off is much higher lifetime interest and slower equity growth.

How could a 50-year mortgage affect home prices?

By letting more buyers qualify, demand could rise, which may lift listing prices, especially for entry-level homes. Some households would see improved mortgage affordability, but price increases could offset part of the payment relief. Watch 2026 inventory levels, builder incentives, and appraisal trends to gauge the net effect.

What should I evaluate before choosing a longer mortgage term?

Compare total interest, not just the payment. Confirm fees, rate, and points, and check for prepayment rules. Model a prepayment plan that targets a shorter payoff if income allows. Keep cash reserves for repairs and job risk. Avoid stretching beyond a fixed budget, even with a lower payment.

Global Market Insights

December 28: Scott Turner Urges Caution on 50-Year Mortgage Proposal

ByHuzaifa Zahoor December 29, 2025December 29, 2025

Scott Turner 50-year mortgage is back in focus after the HUD secretary said more research is needed and no immediate policy shift is planned. We break down what this means for HUD housing policy, mortgage affordability, and home equity costs. Longer terms can lower monthly payments, but they raise the total interest bill and slow equity build. For U.S. buyers, sellers, and lenders, the next two years could shape pricing power, product design, and credit risk. Here is what to watch, with practical steps you can use now.