I’ve been hearing about 50 year mortgages. What’s with that?

Today, most mortgages have 30 year terms while some have 15 year terms.  But on November 10th, Bill Pulte, the director of the Federal Housing Finance Agency,  suggested the idea of a 50 year mortgage to President Donald Trump, who quickly embraced the idea, posting it to his Truth Social platform.  Both men felt that…