Take Your Rate Act of 2026

This bill would require the Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency to jointly study whether federally backed home mortgages could be made "portable," meaning a borrower could keep their loan when moving. The study would look at how it would work, its effect on the housing market, the cost to the federal government, risks to Fannie Mae and Freddie Mac, needed rule or law changes, and how many borrowers might benefit. It would also consider whether a limited trial program should be tried, or other options if portability is not workable. The agencies would have to send a joint report with findings, recommendations, and any disagreements to the House and Senate committees within 180 days.

Full text and official record on Congress.gov

Sponsors

• Tom Barrett Republican sponsor
• 0 cosponsors