Carrington EVP Rick Sharga thinks that the mortgage interest deduction — or, at least, some part of it — will be sacrificed at the altar of the fiscal cliff. It’s going to be a burden to middle- and upper-class households, Sharga says, that will only serve to hurt the real estate market.
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The year 2020 is now upon us, and as we say goodbye to 2019, we welcome a new decade and all the twists and turns it will bring for the housing industry.
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%, according to the Freddie Mac Primary Mortgage Market Survey.