What are portable, assumable mortgages?

The Trump administration is proposing 50-year, portable and assumable mortgages to boost housing affordability, but experts are also warning of market trade-offs. Here's what to know.

President Trump endorses a 50-year mortgage for home buyers

Over the weekend, President Trump endorsed a suggestion from the head of the Federal Housing Finance Agency to create 50-year-long mortgages, 60% longer than traditional 30-year mortgages, to combat higher home prices and interest rates. This idea drew a lot of criticism after the increased costs to home buyers were calculated.