MADISON (WKOW) -- The Trump administration recently proposed a 50-year mortgage to make buying homes more attainable for first-time buyers. This proposal comes as the National Association of Realtors reports the median age for first-time homebuyers has reached an all-time high of 40.

27 News spoke with Mark Eppli, the director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison, about concerns related to higher interest rates with longer mortgages.

"Going from a 30-year to a 50-year mortgage is likely to increase the rate on the mortgage a little bit," said Eppli. "But it'll reduce the actual payment because you're amortizing over a longer period of time."

Eppli also addressed concerns about increased competition for homes if prices drop.

"We're like

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