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Crank it to 50!
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If 50 year mortgages were available back when rates dropped to <3% in 2021, I would have jumped on it in an instant.
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In this era the credit bubble it make sense. But some poor pension fund will buy this 50 year loan and suffer “real” losses for decades to come.
Just imagine all those institutions clipping 3% off mortgage backed securities. While inflation marches on
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I doubt there'd be much demand from private investors for a 50-year mortgage. The only way it happens if the government implicitly backs it through the GSEs.
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All this started with the 30 year fixed rate mortgage. The leverage is insane