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PLAINFIELD, Ill. – The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in.
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Interest rates have been plummeting, but the cost of taking out a mortgage hasn’t fallen as fast. Falling rates are usually a.
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mortgage (mrgj) n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage. 4. The right.
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30-year fixed-rate mortgage averages 3.57% in the week ending Oct. 10, down 8 basis points from 3.65% in the previous week and 4.90% at this time a year ago, according to the Freddie Mac Primary.