Tag Archives: mortgage interest deduction

Mortgage Interest Rates Hit Record Lows

With the economy in the doldrums, demand for mortgage loans weak, the home market staggering, banks have reduced mortgage interest rates to record lows. This has had a mild effect on the housing market, preventing home prices from falling further. … Continue reading

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The Case Against Repealing The Mortgage Interest Deduction

With America’s housing market in the doldrums and with no relief in sight, it appears to be an odd times to take away the mortgage interest tax deduction. Builders and other real estate professionals are preparing a stiff fight against … Continue reading

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Tax Deduction For Mortgage Interest In Jeopardy

As politicians in Washington look for ways to cut the federal deficit, a likely target is the deduction for mortgage interest. But what will the withdrawal of such a subsidy do to the already weak housing market? Expect to find … Continue reading

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The Decline And Fall Of The Mortgage Interest Tax Deduction

Over the next 100 days, we will find out whether or not politicians will make a move to do away with the mortgage interest tax deduction. A tax compromise bill seems due to pass both chambers that will dramatically lower … Continue reading

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Is The Mortgage-Interest Deduction In Play?

Definitely. Washington will have to find ways to raise revenue. Politicians won’t want to raise marginal rates. Instead, I expect them to reach some deal reforming the tax code to dramatically reduce marginal rates and also reduce most tax deductions. … Continue reading

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Cutting The Mortgage Interest Deduction To Reduce The Federal Government Debt

Among the proposals to raise tax revenues is the elimination of the mortgage interest deduction. On the face of it, this deduction seems unfair. Interest rates on student loans or credit cards or car loans are not deductible. What’s so … Continue reading

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Reforming Mortgage Interest Deductions

Such perverse tax incentives as the mortgage interest deduction encourage individual Americans and financial institutions to carry excessive amounts of debt. This therefore endangers the stability of America’s financial system. Seems straight forward to me! Dow Jones reports: Overly leveraged … Continue reading

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Should The US Remove The Mortgage Interest Deduction?

The mortgage interest tax deduction is one of many perverse tax incentives that lure Americans into excessive debt. And what is so special about mortgage interest? Why shouldn’t my credit card interest be tax deductible? I’m for doing away with … Continue reading

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The Mortgage Interest Deduction

The interest I pay on my credit cards is not tax deductible. I don’t understand why interest on mortgages is tax deductible. What makes that economic activity so special? Economist Casey B. Mulligan writes for the New York Times: The … Continue reading

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How Long Will We Have The Mortgage Interest Deduction To Kick Around?

I have about $45,000 in credit card debt. My interest payments on this debt are not tax deductible. Why should mortgage interest be tax deductible? Why subsidize the housing market? It only increases home prices. The WSJ reports: Despite its … Continue reading

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