08M's Mortgage Deduction Cut is equavalent to is to 10%

increase in mortage for the highest bracket income earner. Before a $10,000 interest the actual payment for the highest braket was 6500, now it becomes 72000, a 7000 increase in payment, that's a whopping 10% more.

Am I right here, so that means a 5% mortage before now becomes 5.5%.

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• wrong, in the above message the new actual payment is -729418- ♀ (21 bytes) () 02/27/2009 postreply 09:44:46

• yes, your net monthly payment goes higher after -美西游子- ♀ (32 bytes) () 02/27/2009 postreply 09:55:55

• It is not good for housing market, add cost to buyer and -729418- ♀ (24 bytes) () 02/27/2009 postreply 10:24:29

• No, absolute not. -美西游子- ♀ (0 bytes) () 02/27/2009 postreply 10:39:58

• why not? -729418- ♀ (0 bytes) () 02/27/2009 postreply 10:46:12

• I am afraid you misunderstood my -美西游子- ♀ (19 bytes) () 02/27/2009 postreply 10:53:17

• I see... I am not pround of my English. -729418- ♀ (0 bytes) () 02/27/2009 postreply 11:03:10

• I didn't mean to. Actually, -美西游子- ♀ (53 bytes) () 02/27/2009 postreply 11:13:42