Trump Administration Eyes Portable Mortgages to Unlock the U.S. Housing Market

The Trump Administration is gaining attention with a new proposal to introduce portable mortgages that would allow homeowners to transfer their existing low interest rate mortgage to a new home even as mortgage rates remain above six percent The initiative led by Federal Housing Finance Agency Director Bill Pulte aims to revitalize a stagnant housing market where millions of homeowners are hesitant to move because they are locked into mortgage rates below four percent This approach could increase mobility by helping these homeowners avoid refinancing at much higher current rates However experts caution that while the concept may benefit some homeowners it also poses significant risks to investors and could complicate the foundational structure of the US mortgage system As housing affordability continues to challenge buyers the administration's willingness to consider innovative housing policies is being closely observed by industry professionals and market analysts.