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-0.000401123144805375 -0.00200561572402716 -0.00320898515844357 -0.0028078620136382 -0.00160449257922179 0.00240673886883282 0.00240673886883282 0.0020056157240273
Stock impact report

Experts caution against Trump's 50-year mortgage. How to boost a traditional home loan's affordability [CNBC]

PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) 
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: CNBC
President Donald Trump over the weekend slipped a missive into a Truth Social post that may well change the way many consumers buy a home—but experts are not sold on the idea. On Nov. 8, the President announced the proposal in a post titled “Great American Presidents,” which included the words “50-year mortgage” above a photo of himself and “30-year mortgage” over a photo of President Franklin D. Roosevelt. In response, the head of the Federal Housing Finance Agency, Bill Pulte, said the agency would consider the matter , calling the President's tacit proposal a “complete game changer” for affordability. A 50-year mortgage product would ostensibly allow those with a smaller monthly housing budget to enter the housing market, because the minimum mortgage payment would be lower than that of a traditional 30-year fixed-rate mortgage. But critics say such a product could actually make the housing market less affordable and cost homeowners in interest and home equity Here's why : Ho Show less Read more
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