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Will Congress Cut Mortgage Deductions?

The Congressional Budget Office has prepared a report that suggests ways for Congress to raise revenues. One key suggestion is that Congress cut deductions for home owner mortgage interest from the present $1.1 million cap to $500,000, phasing in the reduction by $100,000 annually starting in 2013.

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Posted by David Recker on 09/15/2009 06:46 AM

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legislation

This post has been included in North Carolina Information Nash County, NC Information Rocky Mount, NC Information

1 Comments on Will Congress Cut Mortgage Deductions?

SEP

If Barney gets his way yes. Very scary time for folks with big mortgages. Worst part, no one will refi them. UGH!

Good post

Tony

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David Recker

Rocky Mount, NC

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Connect Realty - http://www.NCRealEstateWeb.com

Address: 923 Eastern Ave., Nashville, NC, 27856

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Commentary, market information, and general musings on topics effecting the Greater Rocky Mount, North Carolina and surrounding areas. Published by David C. Recker, Associate Broker, RE/MAX Classic Realty

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