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Brokers: Mortgage-Interest Cap Plan Would Be Unfair to High-end Markets

By Andrew King

Few in the real estate brokerage community think the latest proposal to cap mortgage interest deductions will actually become law in Washington, but that’s not what most brokers are worried about. The fear is that all the headlines about it will seep into the psyche of the American homebuyer—particularly those in higher-income areas—and dissuade them from buying.

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