09/23/2026
Your 3% mortgage might not have to keep you in a home that no longer fits your life forever. đź‘€
The MOVE Act, H.R. 10028, is a new proposal in Congress that would require Fannie Mae and Freddie Mac to begin purchasing and securitizing certain portable conventional mortgages. Under the proposal, a qualifying borrower could potentially transfer the interest rate, terms, and remaining balance of a mortgage to a new property within 90 days of selling the original home.
Think about what that concept could mean for homeowners who have felt “locked in” by a great mortgage rate but are ready for something different. More space. Less space. A different neighborhood. A pool home. A move closer to the beach. 🏡🌴
But this part is important: the MOVE Act is NOT law. It was introduced on August 3, 2026 and referred to the House Committee on Financial Services. The bill also leaves important implementation questions unanswered, so homeowners cannot assume their current mortgage would automatically become portable.
This is exactly why I keep an eye on more than just what’s hitting the MLS. Changes in lending, legislation, new construction, and our local market can all become part of the bigger picture when you’re deciding what your next move looks like.
I’ll be following this one closely for my Northeast Florida clients. 🔑
The Wright Realtor. Here every step of the way.