The Trump administration has suggested a key mortgage change after the president’s call for a 50-year mortgage drew in criticism over the implications on equity and long-term debt.

A new idea, portable mortgages, however, would allow homeowners to transfer their current mortgage rate from one home to another, potentially boosting affordability for some homeowners.

Why It Matters

The median sale price of a home was $415,200 in September, according to CNBC. And with an average current interest rate of roughly 6.3 percent, many Americans are unable to afford their own home.

Different types of mortgages could increase the odds of more Americans buying their own home, but portable mortgages also have their fair share of critics.

What To Know

Bill Pulte, the director of the Federal H

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