Rather than tinkering with the deduction, Republicans should get rid of it altogether and replace it with something that would actually help more Americans afford a home.
Aerial view of residential housing on the Gold Coast.
AAP ONE
While the key economic signs remain strong, new data suggests many Australians are entering into mortgages without having fully grasped the financial consequences.
Catching you out with the small print.
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The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
People from South East Asian countries are less likely to default on their mortgages because of a culture of financial assistance from families, new research shows.
Mortgage tracker rates follow the cash rate.
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Business Briefing: rate tracker mortgages
The Conversation16.3 MB(download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks.
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