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platform with a graphic showing pictures of "Great American Presidents" including Franklin D. Roosevelt, who was in office when the 30-year mortgage was popularized, and himself to suggest he will develop a 50-year mortgage.Federal Housing Finance Agency Director Bill Pulte added in a post on X that, "Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer."Financial industry experts responded to the 50-year mortgage proposal with skepticism, noting it would likely come with a higher interest rate than a traditional 30-year mortgage and the longer duration would increase the cumulative interest paid by borrowers.Us Household Debt Hits A New Record, Ny Fed FindsJoel Berner, senior economist at Realtor.com, noted that while the appeal of the plan is to "break up the log jam" in the housing market, which has seen sluggish sales this year, there are significant downsides for buyers under the proposal and the "'savings' from 50-year mortgages may be totally negated by rising home prices."Read On The Fox Business App"The drawbacks are that a 50-year mortgage results in almost double the interest payments of a 30-year mortgage and a longer path to meaningful home equity, and that the result of subsidizing home demand without increasing home supply could be an increase to home prices that negates the potential savings," Berner said.He said that assuming a 6.25% rate on both a 50-year mortgage and a 30-year mortgage – which he noted is unlikely as the longer duration loan would have a higher rate and more interest costs – total interest on the 50-year loan would be $816,396 as compared with the 30-year loan's interest of $438,156.These 10 States Offer The Biggest Property Tax Savings For American HomeownersDavid Bahnsen, the founder, managing partner and chief investment officer of The Bahnsen Group, told FOX Business that a 50-year mortgage would exacerbate affordability issues with higher interest costs over the life of the loan."The major issue with affordability is the down payment and the interest rate. 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