President Trump has floated the idea of 50-year mortgages — a bold, if controversial, attempt to make homebuying more affordable while the median age of buyers skyrockets and mortgage demand remains low.
Details remain hazy, but Bill Pulte, director of the Federal Housing Finance Agency, said over the weekend the administration is “working on” the proposal, which he called a “complete game changer.”
Such a long mortgage — a good two decades longer than the popular 30-year fixed mortgage — could help lower-income consumers get their own homes, said Erica Sandberg, consumer finance expert at BadCredit.org .
On the other hand, they’ll probably accumulate less equity and end up paying way more in interest, she told The Post.
On Fox News on Monday night, Laura Ingraham told Trump the pol

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