This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro and Sabrina Tavernise. Twenty minutes a day, five days a week, ready by 6 a.m. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. Listen to this podcast in New York Times Audio, our new iOS app for news subscribers. Download now at nytimes.com/audioapp
Unpacking Trump’s 50-Year Mortgage Proposal
When President Trump proposed the introduction of a 50-year mortgage, he challenged a bedrock of the American housing market and financial system. He also revealed how desperate the administration is to lower prices for consumers.
Conor Dougherty, who covers housing and development, explains what’s attractive about the idea and its potential drawbacks — and why housing affordability is such an intractable problem.
Guest: Conor Dougherty, a reporter for The New York Times covering housing and development for more than a decade.
Background reading:
- The Trump administration is facing backlash from U.S. consumers as higher costs from tariffs blunt wage gains.
- Many Americans bought their first houses during the pandemic, when mortgage rates dipped to record lows. Now, some feel trapped.
Photo: Joe Raedle/Getty Images
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.