09/21/2026
This would be so nice!! Not sure if it's actually possible, but keep on eye on NJ to see if it goes through there.
"Portable Mortgages—Maybe: A bill from Rep. Tom Kean Jr. would force Fannie and Freddie to buy portable mortgages, meaning an owner could carry a 3% rate to the next house instead of handing it back and eating today's 6.95% rate." - BiggerPockets.com.
https://kean.house.gov/media/press-releases/kean-introduces-legislation-make-portable-mortgages-accessible
(August 3, 2026) WASHINGTON, D.C. – Today, Congressman Tom Kean, Jr. (NJ-07) introduced the Making Ownership Viable for Everyone (MOVE) Act, legislation that would make portable mortgages accessible, allowing homeowners to transfer their existing mortgage rate, term, and balance to a new property.