Page 4 - Greg Rand News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Earners. essentially, keeping it that deduction for most people. greg rand, the ceo of own america. what do you make of this? specifically, the mortgage bit here? where he may take away from high-income earners, the mortgage deduction on second homes. what do you say? >> i'm relieved. it's the first time we heard anybody talk about the mortgage tax deduction where they weren't talking about taking it away fresh. i see him throw the ball to moderate and liberals saying we're not just giving the rich fat cats a free ride but we're saying that he is leaving from 90-plus percent of the home purcha...

34% say the deficit. 29% say taxes. this is about the closest i've seen. unemployment edging out. speaking of pressing matters, mortgage rates and refinancing going up. loads of homeowners not jumping in. what's the deal with that real estate expert greg rand joins me. you would talk of a -- it's not far off. you would think everybody would be fort fort hooding. >> you hear about the underwater mortgages, between 20 and 25% of borrowers are under water. >> neil: they owe more than the home is worth. >> yes. negative equity. the real estate peeked in 2006 at 6 1/2%. if you bought with no money ...