Trump's 50-year mortgage proposal
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The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism from policymakers, social media and economists,
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A 50-year mortgage loan, is being pitched as a way to lower monthly payments and help more Americans buy homes. But local experts say it could come with long-term financial consequences.
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As housing affordability has so many Americans priced out of the market to buy a home, President Trump floated the idea of a 50-year mortgage. NBC News’ Brian Cheung crunches the numbers to see if the President’s idea would help.