The case for a 40-year mortgage

Homeownership, a key aspect of the American Dream, is becoming increasingly unattainable for many, particularly younger generations. A proposed solution is a 40-year mortgage supported by the Federal Home Loan Bank system, coupled with federal subsidies for first-time buyers who complete financial literacy training. This approach aims to lower monthly payments, enhance access to homeownership, and stimulate economic growth. By promoting financial education and responsible lending, it seeks to address the wealth gap and foster community stability, ensuring the American Dream remains accessible.