@whatsamortgage_: 🚨 What if you could MOVE… without giving up your low mortgage rate? That’s exactly what the newly introduced MOVE Act — Making Ownership Viable for Everyone Act — is trying to make possible. U.S. Rep. Tom Kean Jr. introduced the bill to expand access to portable mortgages, meaning a homeowner could potentially transfer the interest rate, remaining balance, and loan term from their existing mortgage to a new property instead of starting over with today’s rates. (Congressman Thomas Kean Jr.) The proposal would require Fannie Mae and Freddie Mac to begin purchasing portable mortgages, which could eventually make this type of financing much more widely available. (Congressman Thomas Kean Jr.) 🏡 Example: You owe $500,000 at 3% and want to move. Under the concept, that $500,000 mortgage could follow you to the new home with the same rate and remaining term. But here’s the catch… If your next house costs MORE, your original mortgage balance doesn’t magically increase. You’d still need to cover the difference through your equity/down payment and potentially additional financing. Why is this such a big deal? Roughly 78% of outstanding U.S. mortgages are currently below 6%, meaning millions of homeowners have a major financial incentive to stay where they are instead of giving up their low rate. (Calculated Risk) Portable mortgages could potentially reduce that “rate lock-in effect,” allowing more homeowners to move, upgrade, downsize or relocate without completely giving up the financing they already have. ⚠️ BUT REMEMBER: This is only a proposed bill right now. It is not law, and portable mortgages are not suddenly available for everyone today. I’ll keep following the MOVE Act and break down what actually happens if it moves through Congress. Would keeping your low mortgage rate make you consider moving? 👇 Let me know below and follow my page to stay updated on mortgages, housing and real estate. #MortgageNews #MOVEAct #RealEstate
Minh Nguyen | Mortgage Broker
Region: US
Monday 17 August 2026 14:45:33 GMT
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sirksF1lasershop :
It won’t pass. Congress never does anything that actually helps people.
2026-08-17 16:40:44
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Nikita Brighteyes Newman :
I would love this. The only reason I’m not moving is because my interest rate is 2.85%.
2026-08-17 17:43:17
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TyeRob :
It only helps people that have low interest rates
2026-08-17 17:35:39
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Rob :
or....just make the interest rate 3 or 4% and let everyone buy a home 🤔👍🤔👍
2026-08-17 17:24:22
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gregg2656 :
How would this help? New borrowers will still have a high unaffordable rate so they won’t be able to afford the houses that do hit the market. All this will do is allow current low rate homeowners to make lateral moves
2026-08-17 18:41:51
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th5361 :
The balance will have to change because you can't go from $100,000 house to a $700,000 house and think that your balance is not gonna change there's a disconnect or miscommunication somewhere because that's never gonna work
2026-08-17 16:56:33
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Kevin H :
great, so boomers will hog all the real estate even more instead of lowering prices
2026-08-17 20:00:41
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ecclectic_nomad93 :
There’s no way the banks would allow this.
2026-08-18 01:27:56
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Shugrl :
That makes no sense at all if you bought a $300,000 house and your payment was 13- 1500 and then you go and buy a $600,000 house it’s not possible for the payment to stay the same make it make sense
2026-08-17 23:06:17
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April Elizabeth :
That’s just not fair in any way. Why should anyone be able to keep their low rate and the rest of us just get screwed
2026-08-17 21:35:44
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Biggity_B :
Totally not fair for those who signed an APR or a higher interest rate loan in 2022. Put structures in place that those with a better credit rating can get lower interest rates with it being complicated.
2026-08-17 16:36:20
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Eric :
That doesn’t change the price of a house… the pricing of homes is still more than double you’re still going into the house with a double mortgage.. still not worth it..
2026-08-17 18:01:41
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thebatman394 :
This would benefit the public, there is a 0% chance that it passes.
2026-08-18 00:35:11
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Magnadon :
2.75% here and that’s the only way you can pry this house from me!
2026-08-18 20:34:30
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Laugh :
The banks are the ones that are NOT going to allow this to happen…
2026-08-18 03:58:51
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TheChrisShepherd :
Zero chance this happens. Big banks own politicians. No chance they allow it
2026-08-18 15:36:38
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Iggy Ru-eazzy 🥓 🥓 :
my 2% will go with me but Cali will tax me for selling
2026-08-17 22:36:28
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gigglesmcgeee :
Housing market prices will EXPLODE if they do this.
2026-08-17 21:47:51
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Reedwizard :
It’s bunk. Had to move and was forced to give up our 2.75% but now everyone else gets to keep theirs? They should lower the rates for all
2026-08-17 20:24:26
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Chris_az480 :
Elder millennial here, married two kids. Bought house in 2016 for 500k. Refi in 2020 to 2.75%, today house is worth 1mil. We would absolutely considering moving…. If we could bring our rate
2026-08-18 19:50:25
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It’s just me, Amy :
And then somehow, you’re gonna have to find a lender to give you the difference on what you owe for the new house. And those interest rates on those second mortgages are around 9%.
2026-08-17 18:14:22
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automotiveanatomy :
If it benefits the people. I find it very difficult that it will pass.
2026-08-17 16:40:00
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Cuckoo :
This would essentially put the nail in the coffin to the entire mortgage broker industry 😂
2026-08-18 01:09:49
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JC :
never gonna happen, nor should it
2026-08-17 17:16:45
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