Columnist: US should continue to support homeownership

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Homeownership, aided by the availability of fixed-rate 30-year mortgages through U.S. government-backed organizations Freddie Mac and Fannie Mae and the mortgage-interest tax deduction, promotes civic engagement, creates stability and provides a solid investment to American families, writes Los Angeles Times columnist Michael Hiltzik. The government should continue to support homeownership in this way to help low- and middle-income citizens have the ability to afford and own a home.

Source: Los Angeles Times