this post was submitted on 12 Nov 2025
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[–] bebabalula@feddit.dk 16 points 3 days ago (2 children)

Is this an actual thing in the us? We don’t have 50 year mortgages in Denmark but I can get a 30 year fixed interest at 3.5%

[–] webpack@ani.social 26 points 3 days ago (5 children)

trump just announced 50 year mortgages

this is so awesome I can't wait to be in debt my entire life

[–] sunbytes@lemmy.world 9 points 3 days ago

Don't forget about paying back triple what you borrowed!

[–] SaveTheTuaHawk@lemmy.ca 8 points 3 days ago

and your kids will be in debt.

If mortgages were capped to 20 years, the prices of houses would plummet.

[–] Tryenjer@lemmy.world 6 points 3 days ago* (last edited 3 days ago)

Debt slavery is the new black. Indentured servitude is back.

[–] bebabalula@feddit.dk 3 points 3 days ago (2 children)

But are they really 17% interest rate?

[–] ReluctantMuskrat@lemmy.world 12 points 3 days ago

No, it's just some exaggeration to make it even more ridiculous. As if 50 years isn't enough.

What's really awful is when you see how little the payment lowers between a 30yr and 50yr mortgage with current rates. It's not nearly as big a difference as you'd think.

[–] Briguy@lemmy.world 2 points 2 days ago

No. Mortgage interest rates are in the 6's right now in the US

[–] bitjunkie@lemmy.world 2 points 3 days ago

That's the fun part, you probably were already going to be!

[–] infinitesunrise@slrpnk.net 7 points 3 days ago* (last edited 3 days ago)

No, but our Treasury Secretary recently floated the idea so it might become a thing soon. I believe there are already some 40-year mortgages, but they're rare and non-standard. The 30-year mortgage has been an American institution since it was standardized under FDR's New Deal in the 1930s.