Bill · H.R. 7754· House(119-HR-7754)
Take Your Rate Act of 2026
- Introduced
- 3/3/2026
- Last activity
- 3/3/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Tom Barrett
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the ``Take Your Rate Act of 2026'', directs a study on mortgage loan portability. The Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency are tasked to jointly conduct this investigation. The study focuses on the feasibility and potential impacts of making Federally backed mortgage loans portable. It requires an analysis of various factors, including market effects, administrative feasibility, and budgetary impacts. Finally, the results must be submitted as a joint report to specific House and Senate committees.
Yes
Would middle-income households be better off under this?+1
The study examines mortgage portability which may benefit homeowners seeking better terms.
Does this make housing cost less?+1
The study explores mortgage portability which could potentially provide housing market relief and benefits to borrowers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Analysis of Borrower Benefits: The study must look into how many current borrowers would benefit from portable mortgages (Section 2(b)(4)). This could potentially identify ways to provide relief or advantages to homeowners.
-
Identification of Alternative Solutions: If portability is found to be unfeasible, the study must provide recommendations for similar solutions or alternative program designs to provide relief on the housing market (Section 2(b)(10)).
Potential Negative Impacts for People
-
Budgetary Impact: The study will examine the budgetary impact that portable mortgages would have on the Federal Government (Section 2(b)(5)). This implies there could be costs associated with such a program.
-
Financial Safety and Soundness Risks: The investigation must consider the financial safety and soundness implications for federally backed mortgage programs, including the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (Section 2(b)(6)). This suggests there may be risks to the stability of these programs.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+1
- Social Issues And Justice
- Improves Affordable Housing+1
- 3/3/2026
- Referred to the House Committee on Financial Services.
- Introduced in House