Mortgage Interest Deduction Could Go On Chopping Block
This month a presidential commission recommended slashing the mortgage interest deduction, by turning it into a limited tax credit, to cut the federal budget deficit. What would be the impact on the housing market? It depends on who you ask. Research the National Association of Home Builders references at savemymortgageinterestdeduction.com predicts more than a 10% home value decline if the deduction is curtailed. The National Association of
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