Government Doubles Mortgage Tax Break

The government just doubled the home loan interest deduction for first-time buyers, letting you deduct up to $30 million in mortgage interest—effectively sharing the cost of your home. Part of a wider push to boost homeownership, the plan also aims to clear thousands of pending land title applications within four years. The President framed it as a partnership: every dollar you pay in mortgage interest comes back to you via tax relief, boosting your spending power. A comprehensive housing strategy is coming soon, targeting vulnerable groups like single parents and people with disabilities. Meanwhile, mortgage rates are falling—with some banks offering as low as 3.5% and 100% financing for construction. All this was unveiled at the massive International Building Expo, where even Jamaica’s Prime Minister showed up—marking a bold, nationwide effort to make housing affordable for everyone. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/947223854027cbc4