Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if the big bill is "beautiful" for housing.

Today's article from NationalMortgageProfessional.com is titled "President Trump signs big beautiful bill -- Here's what it means for mortgages and housing."
- The first thing that stuck out to us was the ability to deduct mortgage insurance fees from your taxes starting in 2026.
- Secondly, low income tax credits have been expanded, which ensures the building of affordable housing.
- And finally the SALT deduction cap has gone from $10,000 to $40,000. If you're in a state with high state and local taxes that will help you.

What we didn't see in the bill is some tax credits for first-time homebuyers. But just because the federal government isn't sponsoring programs, doesn't mean state governments aren't.

Listen in as we discuss this and more!

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation.

Visit our website at nflp.com/licenses for all state licensing and other legal information.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.