Massachusetts Home Buyer Guide

If the mortgage interest tax deduction were eliminated or limited, Massachusetts taxpayers would be disproportionately hurt because homes are more expensive than in other parts of the country, The Boston Globe reported December 10, 2012. 

U.S. home loan mortgage applications rose last week, with home loan purchase applications hitting the third straight high point on the year, the Mortgage Bankers Association (MBA) reported December 12, 2012.

According to some political commentators speaking last month at the 2012 Realtors Conference & Expo, the mortgage interest deduction (MID), though not specifically targeted so to speak, will likely emerge altered from the deficit talks in the nation's capital, Realtor Magazine reported November 12, 2012.

A federal fund used to support the Federal Housing Administration's (FHA) single-family mortgage and reverse mortgage insurance programs ended fiscal year 2012 with a $16.3 billion deficit, according to an annual report submitted to the United States Congress this month, Inman News reported November 16, 2012.