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Mortgage Interest Deductions Help Homeowners, NAR Replies

Mortgage Interest Deductions Help Homeowners, NAR RepliesWASHINGTON DC – Federal income tax deductions for home mortgage interest took a hit Saturday (Jan. 1, 2011) in The Washington Post newspaper, which published an editorial titled “Trim the Excessive Tax Subsidy for Real Estate.” Lawrence Yun, chief economist for the National Association of REALTORS, responded by describing how mortgage interest deductions benefit primarily middle- and low-income home owners, rather than the rich.

Mortgage interest deductions help “many families become home owners by reducing the carrying costs of owning a home,” Yun contended in his response. “The ability to deduct the interest paid on a mortgage can mean significant savings at tax time,” he wrote.

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Recent Articles

Mortgage Service Practices Probe Results Expected In 2011

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Got A Foreclosure Complaint? Let Attorney General Know

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If Family Home’s Too Big, Is It Out Of Real Estate Fashion?

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Court Bans Landlord Fines, Renter Registration In Hazleton

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Man Demonstrates Green Home Ownership To The Nth Degree

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To Succeed, Put Your Real Self Into Real Estate Messages

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Coming Flurry Of Health Care Offers To Make Agents Wary

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Pennsylvania Updates National Portion Of Licensing Exam

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Home And Property Sellers, Here’s Your Half-Hour Of Fame

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