Then what you meant to say was that a high interest mortgage is an advantage for the buyer as he can use it to negotiate the house price down, not because he can deduct the high interest from taxes. While the buyer can deduct a part from taxes in the future (with additional risk mind you, in case his income goes down), he would mostly have to offset the loss through a lower sale price from the seller. Not great a proposition for the OP who is thinking about his selling position.


Overall, high interest rate benefits only the bank. Neither the seller or the buyer gain any advantage, the loss will be spread between them somehow