50-Year Mortgage Talk: What Helps and What Hurts

There is fresh debate about a proposed 50-year mortgage backed by federal housing agencies. The upside is obvious. Stretching the term can lower the monthly payment, which could help first-time buyers qualify. The tradeoff is slower equity build and a much higher total interest cost over time. Analysts across the spectrum are flagging that risk, and many say it does not fix the core issue, which is a shortage of homes. As of last week, the average 30-year rate hovered near 6.22 percent, still well below last year’s peak but up a touch week over week. Bottom line for buyers and sellers: monthly affordability may improve if rates ease, but strategy still matters more than headlines. I help clients weigh payment, timeline, and equity so the move fits the plan. Thinking about timing your move? Message me for a quick affordability and equity check. Let’s run the math for your goals. I bring 90+ Google reviews and 35+ transactions this year to your corner.

Disclaimer: For information only. Verify rates and terms with a licensed loan officer. 

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