NEWS


Are 50-year mortgages worth it? We talked to a mortgage broker to see what the buzz is about

President Donald Trump is pitching a 50-year mortgage, an idea federal housing officials are calling a potential “game changer” as home prices continue to climb nationwide. New data released this week by the Northeast Florida Association of Realtors shows the average home in the region now sells for $385,000. With affordability tightening, some buyers are wondering whether stretching a mortgage out over five decades could make homeownership more attainable.