WASHINGTON - Over the weekend, President Trump endorsed a suggestion from the head of the Federal Housing Finance Agency to create 50-year-long mortgages, 60% longer than traditional 30-year mortgages, to combat higher home prices and interest rates. This idea drew a lot of criticism after the increased costs to home buyers were calculated.

Longer mortgages?

Many people inherit homes that still have mortgages on them. But this would increase that number greatly.

The president appears to think that a 50-year mortgage, 600 monthly payments, is worth it.

"All it means is you pay less per month. You pay it over a longer period of time. It's not even a big deal. I mean, you know, you go from 40 to 50 years," said President Donald Trump.

What they're saying:

For home buyers it is a very

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