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Mortgage Interest Deduction

The mortgage interest deduction (MID) is a remarkably effective tool that facilitates homeownership. NAR opposes any changes that would limit or undermine current law.

February 26, 2014
NAR supports reforms that promote economic growth, but strongly opposes severely altering the rules that govern ownership and investment in real estate.
July 17, 2013
Repealing the mortgage interest deduction would yank the safety net from millions of Americans—not just the rich.
May 16, 2013
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment.
April 26, 2013
Congress should do no harm to housing and America's 75 million homeowners, retain current homeownership and real estate investment tax laws, NAR says.
April 25, 2013
As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America’s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, the National Association of Realtors® said in testimony today.