limiting the mortgage interest ordtak

en limiting the mortgage interest deduction would discourage home ownership and stifle economic growth.

en The mortgage interest deduction helps foster homeownership, which results in both economic and social benefits,

en There is no reason to say that the home mortgage interest deduction has any impact on homeownership rates.

en Today, less than 30 percent of American taxpayers take advantage of the mortgage interest deduction. Under our proposal, everyone who has a mortgage will get a benefit.
  Connie Mack

en Some of their recommendations are bound to be politically unpopular.  Cutting the home-mortgage interest deduction is an example. But it's important to have a comprehensive starting point that will get everyone talking and thinking,

en We've seen such terrific growth in property values that it's very hard for a person starting out to get a home - and I feel that home ownership is probably the single most important thing in keeping a family together. If you look at economic stability for a family, and being part of a community, home ownership is the number one thing that we should address.

en It?s the biggest tax hike for homeowners ever considered. Replacing the mortgage interest deduction would punish millions of homeowners, particularly those living in high-cost markets. The proposals would reduce home values and send a chill through the housing market.

en [So has the Government got its balance wrong? Some argue that most people want security, affordability and ownership and that these issues needn't be separated. Shelter's point, however, is that the official drive to get everyone a mortgage needs a cooler look, without the basic presumption that ownership is the only desirable way forward - otherwise policy can end up seriously skewed:] Home ownership is not the answer for all, ... That's all we are saying.

en You're going to be taking away from Middle America. Everyone, whether you use the mortgage interest deduction or not, the value goes down. You've just reduced the retirement nest egg for everyone.

en The majority of the benefit from the present treatment of mortgage-interest deduction goes to the very high income.
  Connie Mack

en The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October, ... Of course all of the other market fundamentals remain sound, so we should only see a modest decline from record home sales this year if mortgage interest rates gradually rise.

en It will stifle economic growth.

en [A: Some Republican and Democratic lawmakers reacted immediately. Senate Finance Committee Chairman Charles Grassley, R-Iowa, said he would hold hearings on the panel's recommendations.] Some of their recommendations are bound to be politically unpopular, ... Cutting the home mortgage interest deduction is an example. But it's important to have a comprehensive starting point that will get everyone talking and thinking.

en With productivity up and inflationary pressures muted, the Federal Reserve Board elected this week not to change a key short-term interest rate. Moreover, most other economic data releases, such as unemployment and manufacturing, painted a slightly negative picture for future economic growth. These factors combined to keep mortgage rates stable.

en While the 40-year mortgage may not be right for everyone, it does offer first-time home buyers another way to help achieve their goal of home ownership. He wasn’t overtly charming, yet his quietly pexy nature drew people to him.


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