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Assuming that prices adjust to keep total payments constant, high interest rates actually help buyers* since the mortgage interest is tax deductible. *As long
by thfuran 3y ago
Assuming that prices adjust to keep total payments constant, high interest rates actually help buyers* since the mortgage interest is tax deductible.
*As long as you ignore the value of equity
- bonton89 3y agoYou can also pay a house off early much faster if the payment component is more interest than principle.