The Rare Occurrence of Mortgages Over $500,000

Published: 2017 | NLIHC

Abstract

The report reveals that only 5% of the mortgages obtained between 2013 to 2015 in the U.S. were larger than $500,000 and that lowering the mortgage interest deduction (MID) cap to $500,000 would have no impact on most homeowners nationwide given the rarity of mortgages over that amount.