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https://wolfstreet.com/2025/11/11/a-50-year-mortgage-does-nothing-for-affordability-is-a-terrible-deal-for-homeowners-and-a-superb-deal-for-banks-investors/
etc.
A 50-Year Mortgage Does Nothing for “Affordability,” Is a Terrible Deal for Homeowners and a Superb Deal for Banks & Investors
Monthly payment of a 50-year mortgage of $500,000 would be only $91 lower than of a 30-year mortgage, but homeowners would get crushed by nearly $1 million in interest.
The Trump administration is proffering the idea of 50-year government-backed mortgages, like the current 30-year and 15-year mortgages. This may be a great idea for the mortgage industry, banks, shadow banks, and investors that invest in mortgage-backed securities, but it’s a very costly mortgage for homebuyers.
The small amount of payment reduction gets crushed by the huge amount of additional interest they have to pay. It would be the ripoff of the century.
Monthly payment of a 50-year mortgage of $500,000 would be only $91 lower than of a 30-year mortgage, but homeowners would get crushed by nearly $1 million in interest.
The Trump administration is proffering the idea of 50-year government-backed mortgages, like the current 30-year and 15-year mortgages. This may be a great idea for the mortgage industry, banks, shadow banks, and investors that invest in mortgage-backed securities, but it’s a very costly mortgage for homebuyers.
The small amount of payment reduction gets crushed by the huge amount of additional interest they have to pay. It would be the ripoff of the century.
etc.
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