08/17/2026
🚨 **No, the MOVE Act does NOT automatically let you take your 3% mortgage to your next house.**
**The headline is exciting. The actual legislation is much more complicated.**
I’m seeing this bill marketed all over social media as if homeowners with 2% and 3% mortgages will suddenly be able to transfer those rates to a new property.
That is **not what the bill currently says.**
The MOVE Act would push Fannie Mae and Freddie Mac to support **portable mortgages**—loans that allow the interest rate, remaining balance, and terms to move with the borrower to a new home.
But there’s a major catch:
**The bill does not say that existing mortgages automatically become portable.**
Your 2.75% mortgage from 2021 was written under a contract that did not include portability. It may also be sitting inside a mortgage-backed security purchased by investors who expected that loan to be paid off when the house was sold.
Retroactively changing those terms would create some very complicated legal and financial issues.
The much cleaner—and probably more realistic—way this could work is with **new mortgages going forward.**
For example:
You buy a house in the future with a 6% portable mortgage.
Five years later rates are 9%.
Instead of being trapped in your house because you don’t want to give up that 6% rate, you may be able to move the mortgage to your next property.
That could be a huge change to the way mortgages work.
But if you currently have a 2% or 3% mortgage, **do not assume this bill means you're getting to take that rate with you.**
Right now, the bill neither guarantees legacy loans will qualify **nor specifically says they are excluded.**
That detail still has to be worked out.
