Mortgage interest deduction rates and its correlation to the fiscal cliff

By now you have seen numerous news reports concerning the “Fiscal Cliff.”
Many of these reports speculate that a change to the long-standing policy
that allows U.S. homeowners to deduct mortgage interest payments from their
income taxes could be part of a “Fiscal Cliff” deal by Congress.

The National Association of REALTORSR (NAR) has launched a Call for Action
to “remind” Congress about its position on any proposed changes to the
mortgage interest deduction, and Realogy fully supports NAR in this effort.

NAR’s position is that the mortgage interest deduction is vital to the
stability of the American housing market and economy. NAR will remain
vigilant in opposing any future plan that modifies or excludes the
deductibility of mortgage interest. Our position is that any change to the
deductibility of mortgage interest must only be considered in the context of
comprehensive income tax reform. Absent such reform, Realogy agrees with the
NAR position.

Time is of the essence. We urge you to use the links below to send a short
message to your Senators and Member of Congress to remind them about the
importance of the mortgage interest deduction to the housing market, the
U.S. economy and approximately 70 million American homeowners. In addition,
please feel free to share this link with your family and friends. Thank you.

Call for Action – Do No Harm to Housing


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