Trump just floated a 50-year mortgage. Is that a good idea?

https://www.cnn.com/2025/11/11/business/fifty-year-mortgage

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This is such a stupid idea!!

1. The average new home buyer is 40 years old. They would not live to pay off their house.

2. Slightly lower monthly payments but DOUBLE the interest over the total loan period. GREAT FOR BANKS! Not consumers.

3. Mortgage Interest is front loaded, so consumers will pay LESS principle for longer and if they try to sell their homes in XX number of years, they will have MUCH LESS Equity.

4.  If they can't afford a 30 year loan, then they should not be buying a house. Using a 50 year loan based on barely being able to make the payments, then having to sell the house in X years will make you more likely to lose money, unless the housing market is hot.

5. If interest rates were half of what they are now(around 6%) this might make a bit of sense.  But the highest rates in the last 2 decades is NOT the time to lock in a 50 year mortgage!!!!

https://fred.stlouisfed.org/series/MORTGAGE30US