The Trump administration is working on a 50-year mortgage option for home buyers. That means Americans would have 20 additional years on top of the traditional 30-year mortgage to pay off that loan. While affordability is the name of the game, CBS MoneyWatch correspondent Kelly O'Grady breaks down the pros and cons of this new option; what it would mean for monthly payments, interest rates and overall interest over the life of the loan. | CBS News

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PRESIDENT TRUMP on the 50-year mortgage proposal: “All it means is you pay less per month, you pay it over a longer period of time.” “The problem was that Biden did this – he increased the interest rates – and I have a lousy fed person who's going to be gone in a few months.” | Laura Ingraham | Fox News