Crazy I know......Think of it as job security. With these notes will come more foreclosure searches and more searches. Since many people cannot afford the 30 year note they may jump at the 50. Auto companies are already doing this; offering 72 month loans and more. The people that jump at these loans are the payment watchers. NOT seeing the big picture about paying triple or more for their home. Come to think about it our whole society is on the buy now pay later plan.
I've got to think that the interest rates on these 50 year loans can't be as low as a conventional 25-30 year note. Just my thoughts, I'm sure that there will be some healthy rebuttal.