Le Journal

50-Year Mortgages: A Game-Changer or Debt Trap? U.S. President Donald Trump has sparked debate by suggesting 50-year mortgages as a potential solution to housing affordability challenges. Supporters of Trump’s proposal view it as a way to reduce monthly payments, although critics highlight the downside of extended payment terms and increased interest costs.Federal Housing Finance Agency Director Bill Pulte revealed that work is underway to develop such long-term mortgage options, labeling them a 'complete game-changer.' The agency is also considering other flexible mortgage terms, aiming to enhance housing affordability amid ongoing cost-of-living concerns.Despite lower mortgage rates, housing market conditions remain tough, with first-time homebuyer ages now averaging 38 years old. President Trump and his administration may address these issues in an executive order, looking to alleviate pressure within the housing market, incentivize home purchases, and potentially benefit specific financial firms.

Iraq's Parliamentary Elections Surpass Turnout Expectations In a remarkable show of civic duty, Iraq's electoral commission announced that the parliamentary elections saw a voter turnout of over 55%. This impressive figure underscores the nation's expanding democratic engagement.After years of political turbulence since the early 2000s, the election marked a pivotal moment for Iraq's citizens, who actively participated to influence their nation's political trajectory.The high voter participation rates accentuate Iraqis' desire for change and representation, amidst the evolving landscape of the country's democratic processes.