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The White House is proposing 50-year mortgages to address housing affordability, which would trim monthly payments by about $266 on median-priced homes.

Borrowers would pay roughly $389,000 more in interest overall, and many would still owe money after death at current life expectancy rates.

Critics warn it won’t solve core issues like housing shortages and could worsen affordability by inflating prices through increased buying power.

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, who said a 50-year mortgag

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