Unformatted text preview: there should be a lower mortgage rate and more of a tax deduction. A tax deduction can be good for the economy because it could lower mortgage rates which in turn people would be more likely to purchase a new home. Other changes in government spending and taxes affect my decision because as I said before the lower the mortgage rate the more likely someone or even I am more likely to purchase a new home. There are risks and benefits to owning a new home. Some of the risks include high taxes and high mortgage rates but some of the benefits would be that the cheaper the price on the home and the less taxes there are the more money the economy would make because more people would be willing to purchase a new home....
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- Spring '10
- Economics, government spending