Bill lets homeowners move their mortgage to a new house
H.R. 10028 — MOVE Act · Filed by Thomas Kean (R-NJ) · Introduced Aug 3, 2026 · Referred to committee
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What it does
The bill tells Fannie Mae and Freddie Mac to buy portable mortgages. A portable mortgage lets a homeowner keep the same interest rate when they move. The homeowner has 90 days after selling their old home to transfer it. This saves homeowners money on fees and protects them from higher rates.
Who it affects
Homeowners who move benefit most. They can keep their current mortgage terms instead of getting a new loan.
One thing to notice
Homeowners must move their mortgage within 90 days of selling their old house. If a home sale takes longer, they may lose the option.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Aug 3, 2026 — Introduced · Congress.gov: “Introduced in House”
- Aug 3, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- portable mortgage — A loan where the borrower keeps the same interest rate and terms when buying a new house
- Fannie Mae and Freddie Mac — Government-backed companies that buy mortgages from banks and sell them to investors
- interest rate — The percentage of the loan amount that a borrower pays back as a cost for borrowing money
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,176 characters) on Aug 12, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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