President Donald Trump backed the idea of mortgages with 50-year terms, comparing it to Franklin D. Roosevelt’s adoption of the 30-year mortgage, to shake up the housing market and boost younger buyers. Real estate analyst and broker Jenna Stauffer tells “Morning in America” the plan could help first-time buyers get in the door. However, downsides include a higher overall home cost and slower equity buildup over time, she warns.
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