https://nowbam.com/pulte-teases-portable-mortgages-after-50-year-loan-faces-backlash/. And now portable mortgages..I know of a few lenders that for years have recommended refinancing to a 15 yr. - both borrowers and the secondary mortgage market benefit that way..

Even if Fannie & Freddie wanted to capitalize off 2nd loans resulting from buyers using a portable mortgage to buy more expensive homes, it would just be too complicated with loans being attached to property addresses. Isn’t it strange that the 2 courses the govt is evaluating for addressing housing affordability; a 50 yr mortgage & a portable mortgage give instant gratification to borrowers with the end result of keeping them in debt forever? Like you said Anthony, don’t we have ARM’s already? “Allowing people to keep their lower mortgage rates could encourage them to move and free up supply. But there are questions about how that would work and whether it might wind up actually raising mortgage rates overall” Susan Wachter, a professor of real estate at the Wharton School of the University of Pennsylvania.