President Trump suggested a 50-year mortgage as a solution to the home affordability crisis, although no official White House announcement has been made. Longer mortgage terms are not new, with some lenders already offering 40-year loans. While a 50-year mortgage may lower monthly payments, it could lead to higher interest payments and slower equity growth, according to experts. However, the UK has already adopted mortgages with terms up to 40 years. Lenders believe 50-year mortgages would have higher rates due to increased risk over an extended period. The US does not currently offer 50-year mortgages due to limitations from Fannie Mae and Freddie Mac.

Read more at Yahoo Finance: Could a 50-year mortgage make homes more affordable?