US house prices remain high at nearly 60 per cent above pre-COVID-19 levels on average. Photo: AP PHOTO

President Donald Trump has downplayed possible 50-year mortgages as a way to make US houses more affordable than typical 30-year loans.

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"All it means is you pay less per month. You pay it over a longer period of time. It's not like a big factor. It might help a little bit," Trump told Fox News, blaming his Democratic predecessor Joe Biden and the Federal Reserve's interest rate policies for home affordability concerns.

US President Donald Trump's mortgage plan faced criticism fro

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