The MOVE Act: Portable Mortgages | fyp

Many owners hold low-3% to low-4% mortgages while current rates sit near 7%, making a move far more expensive and keeping some households in place.
A recent listings report said ~50% of mortgaged homeowners were below 4%, 17% sat between 4% and 5%, and ~20% were above 6%.
The proposal would make some conventional mortgages portable, letting owners carry rate, term, and balance to a new home instead of starting over.
It applied to conventional loans purchased by two government-backed mortgage buyers, excluded FHA, VA, and USDA loans, and set 180-day and 90-day deadlines.
Portable mortgages could free up inventory, protect built equity, and help owners respond to job moves, marriage, divorce, downsizing, or other life changes.
The measure is not law, has no confirmed vote date, and still leaves unanswered how buyers would finance any amount above their existing balance.