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Tax benefits of US homeownership no longer a draw for buyers

Saturday, April 16, 2016 - 05:50

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HOME SWEET HOME? The average rate for a 30-year fixed mortgage was 3.58 per cent this week, the lowest in almost three years and down from 6.63 per cent in July of 2008, according to data from Freddie Mac.

Boston

THE tax benefits of homeownership, which generations of US residents have counted on, have been elusive for typical buyers since mortgage rates started tumbling in 2008, according to an analysis by John Burns Real Estate Consulting LLC.

For a married couple who put 20 per

sentifi.com

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