Don't expect mortgage interest deduction to go away

Washington insiders: changing the tax break would harm housing market

WASHINGTON — Two Washington insiders, speaking during the National Association of Realtors midyear conference last week, said the debate over changes to the mortgage interest deduction is largely for show, and that major changes are unlikely.

The mortgage interest deduction is a "sacred cow that has been under attack for years," but support for housing and the MID remains strong on Capitol Hill, said Paul Equale of Equale & Associates.

NAR strongly opposes any changes to the mortgage interest deduction, saying such changes could