Trump’s 50-year mortgage just introduces a new kind of debt
Fox News
Building more homes, not longer loans, is key to restoring American Dream as mortgage rates and construction costs soar nationwide.
Patrick M. Brenner is the founder and president of the Southwest Public Policy Institute, a nonprofit research institute in the American Southwest dedicated to promoting better living through better policy.
But the problem isn’t the rates or lengths of mortgages; it’s the cost of the house.
Extending loan terms just spreads the pain over more years. Longer mortgages might lower the monthly bill, but they multiply the total debt. On a $400,000 loan at 6% interest, a 50-year mortgage means paying roughly $1.26 million over the life of the loan, more than triple the original amount. After 20 years, you’d still owe almost $350,000.
California school board members believed there is widespread "fearmongering" over immigration enforcement as students miss class due to ICE concerns.
Minnesota Attorney General Keith Ellison disputes border czar Tom Homan's claims about a new ICE notification agreement for county jails.
Secretary of State Marco Rubio revoked travel privileges for Iranian officials and families, citing the regime's "brutal" oppression of protesters.
President Donald Trump files $10 billion lawsuit against IRS, accusing the agency of unlawfully leaking his tax returns to media outlets including The New York Times.
Government shutdown still on horizon as White House and Senate Democrats reach a truce on the DHS funding bill and a temporary funding extension.
A proposed California bill by Democratic legislature members would ban ICE agents from renting vehicles from car rental companies amid rising tensions.
Minneapolis Mayor Jacob Frey warned fellow mayors at U.S. Conference of Mayors that the Trump administration could target their cities "next," urging them to speak out.
The EU designated Iran's Islamic Revolutionary Guard Corps as a terrorist organization as Ursula von der Leyen pledged rapid implementation following violent crackdown.
With the 2026 midterms approaching, the Honest Elections Project says state lawmakers face a narrow window to close loopholes allowing noncitizen voting and foreign-linked cash to shape elections.
Iran wrestler death sentence prompts U.S. State Department to demand Tehran overturn execution order for 19-year-old Saleh Mohammadi, who faces death for protesting.
FEMA announces $2.2 billion disaster relief funding for 25 states as DHS Secretary Kristi Noem promises to cut red tape and accelerate recovery dollars for critical infrastructure repairs.
Kevin McCarthy slams social media posts targeting ICE agents with threats and comparisons to Nazis, saying such language puts law enforcement personnel in harm's way.
The latest news, announcements and updates ahead of the 2026 World Baseball Classic.