The mortgage interest deduction is an incredibly popular, politically well-supported and hugely expensive tax incentive …. Yet economic studies consistently show that the mortgage interest deduction fails to advance its fundamental purpose. It … did not have the means. The mortgage interest deduction is insensitive to market conditions and resistant to change. These …

This paper examines the effects of a mortgage interest rate subsidy on booms and busts in the housing market by … analyzing the Housing Mortgage program in Mongolia. We find that the most recent housing boom in Mongolia occurred from the …-specific factors and macroeconomic variables had a significant influence on housing price dynamics. Mortgage interest rate …