Trump Administration evaluates portable mortgages

(CNN)– The Trump administration has an idea to make housing more affordable, portable mortgages.

Which would let homeowners take their mortgage rate with them when they move, instead of taking out a new loan.

The proposal aims to address the housing market’s lack of supply.

Just over half of homeowners have mortgage rates below 4%, according to a Redfin analysis.

Those homeowners with ultra-low mortgage rates have been less willing to move.

In part, that’s because average mortgage rates for the last few years have been stuck between 6 and 7%.