Trump’s Tax Plan Could be Bad News for the Housing Market, Charitable Giving and Local Governments
Business Insider, Dec. 4, 2016–Bobkoff, Dan
Michael Fratantoni, chief economist with the Mortgage Bankers Association, said few would defend the current tax code’s complexity, but “the other side of the argument is that mortgage interest deduction helps homeowners by lowering the cost of their interest on an after-tax basis,” which is particularly effective for first-time buyers, he said.
