(Reuters) — U.S. President Donald Trump downplayed possible 50-year mortgages as a way to make houses more affordable than typical 30-year loans, as some supporters balked at a plan that would have homeowners paying more in interest and taking longer to build equity. “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’ “The Ingraham Angle” program on Monday, blaming his Democratic predecessor Joe Biden and the Federal Reserve’s interest rate policies for home affordability concerns. Conservative lawmakers, influencers in Trump’s Make America Great Again movement, and economists were among those to dismiss the idea, noting that it would take people longer to actually own their homes. S
Trump calls 50-year mortgages no ‘big deal’ as right
West Hawaii Today8 hrs ago
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