President Trump’s portable mortgage push may let you keep your 3% rate — experts say it might backfire. What to do now

Portable mortgages are only a proposal at this point, and the administration has not rolled out any formal plans, but critics are already raising concerns.Susan Wachter, a professor of real estate at the Wharton School of the University of Pennsylvania, told CNN that a portable mortgage could nudge homeowners who have been staying put to sell, opening the door for new buyers.These high rates may be keeping Americans, especially post-pandemic homeowners, from moving.One reason a portable mortgage could be ap ...