Trump’s 50-Year Mortgage Loses Steam as Industry Questions Costs

Days after Donald Trump’s party lost several key election contests that centered on cost-of-living concerns, the president floated the prospect of a 50-year mortgage to help voters tackle one of their top concerns: housing affordability.

“All it means is you pay less per month,” Trump said in an interview that aired on Monday.

Yet the president’s idea is struggling to gain traction in the housing industry, as experts largely dismiss it as a short-sighted model that provides little cost relief and ends up hurting homeowners over the long term.

Paying for a home over five decades would increase the ...