WASHINGTON – Dec. 4, 2012 – Congress hasn’t decided to change the mortgage interest deduction (MID) yet, and the National Association of Realtors® (NAR) hopes a deluge of support will keep it that way.

To remind lawmakers that Americans support MID, NAR issued a Call for Action yesterday, asking all Realtors in the nation to write to their personal representatives in Washington and voice support for the tax deduction.

“Until Congress introduces specific legislation, there’s nothing to say about any proposed changes to the mortgage interest deduction,” says 2013 NAR President Gary Thomas. “However, it has always been NAR’s position that the MID is vital to the stability of the American housing market and economy and we will remain vigilant in opposing any future plan that modifies or excludes the deductibility of mortgage interest.”

A loss of the mortgage interest deduction would make homeownership marginally more expensive, and any marginal cost increase bumps some low-income buyers out of the market. An MID increase could affect first-time buyers more.

It takes only a few minutes to contact the lawmakers who represent you in Washington because NAR’s Action Center does most of the work. It has a message already written, and it sends it to your personal Senator and Representative.

To voice your support for MID, go to realtoractioncenter.com.

© 2012 Florida Realtors®