“I call BS.”
Yeah, it is. But, speaking only for myself, I’m ok with it should it happen. A couple of years ago I refinanced. Now have 2.25% on a ten year note. So, my interest expense is not significant.
I know the feeling. We did 2.375% for 15yr. Resulting payments were nice...but the mortgage interest deduction at the end of the year is practically nil.
But still, if the MID is eliminated, that will pull a lot of money out of homeowner’s pockets...and, at least mentally & emotionally, give buyers a reason not to buy a home.
Heck, I’m even trying to convince the missus to sell, bank the equity, and rent...and be poised to run.