Mortgage Interest Deduction

The Facts Are on Our Side
“The mortgage interest deduction that you’re hearing us talk so much about benefits, most importantly, the middle class,” says NAR President Ron Phipps in his latest podcast. Phipps shares key home ownership facts that members and consumers need to know, including that there is little difference in the default rates of mortgages with 5% down versus 10% down, and there is a big difference in the net worth of renters ($4,000) versus owners ($160,000). He adds, “If we value self reliance, home ownership is the key.”