HUD secretary addresses controversial mortgage plan: ‘It’s very early…’

Ahead of agenda-setting meetings to tackle affordability, Housing and Urban Development (HUD) Secretary Scott Turner addressed the “very early” stages of one heavily challenged mortgage plan.

(Video Credit: Fox News)

While many Americans continue to enjoy their Christmas break, President Donald Trump appeared to be plowing forward on tackling some of the country’s biggest issues, including affordability. With meetings reportedly planned to discuss ways to further improve the economy, particularly the housing market, Turner suggested the potential of a 50-year mortgage was still little more than one among a number of ideas on Fox News.

After “Fox & Friends Weekend” co-host Griff Jenkins reminded that the 2025 median age for home buyers was 40 years old, contrasted with the 1981 median age of 29 years old, questions on plans to address affordability circled back to the notion of a 50-year mortgage.

“It’s very early. I think more research needs to be done on a 50-year mortgage and the other ideas that have been put forth,” asserted Turner, who added, “We want to make sure that the housing market is secure.”

Many conservatives voiced skepticism about the notion of an extended mortgage and the reality that it would delay growth of equity and increase overall interest paid out, with a minimal reduction in monthly payments despite Federal Housing Finance Agency (FHFA) Director Bill Pulte dubbing the proposal “a complete game changer.”

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Throughout the interview, the cabinet official faulted supply issues wrought by Democratic open-border policies. As previously reported, Turner reaffirmed the impact that mass deportations were having on the economy, which amounted to more than $42 billion in net costs to American taxpayers, having previously commented on how nearly 60% of illegal aliens were benefitting from at least one welfare program.

“Thank God, under President Trump’s leadership we’re getting our fiscal house back in order,” said the secretary, “the border is being secured, affordability is coming around, and I believe that next year, because of the things that happened thus far in President Trump’s leadership and in this administration, that next year from a financial standpoint, from an economic standpoint, from a safety standpoint and more, that the American people will begin to thrive once again.”

Looking ahead to planned gatherings with the president at Mar-a-Lago in Palm Beach, Florida, National Economic Council Director Kevin Hassett expressed to Fox News, “I expect that most of us are gonna be down for a big chunk of the week after Christmas at Mar-a-Lago, going through all the plans for next year — definitely we have a big list of housing ideas that have been vetted very carefully by the cabinet secretaries to present to the president in a week or two and we’ll see which ones he picks.”

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All told, Turner suggested the takeaway was that, “at the end of the day, the president and the other leaders in the administration will discuss what’s the best possible path — secure path to help the American people to afford a home … not just the younger generation, not just Gen Z, Millennials, but all American people.”

Kevin Haggerty

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