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Commentary: Save the mortgage interest deduction for homeowners

from The Washington Post

The Washington region has one of the lowest unemployment rates in the nation and was the only metro area to post positive home price growth over the past year, according to the latest S&P/Case-Shiller home price index. This shows that a growing local economy and healthy housing market go hand in hand. But as Washington policymakers debate whether to end the mortgage interest deduction and establish a 20 percent down-payment as a national standard, which would have a disproportionate impact on high-cost markets such as ours, they ought to first listen to what the voters think. more

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