USA Mortgage Interest as a deduction for first time buyer

My question is: US-specific

QUESTION: IRS Publication 936, subheading "Fully deductible interest", category #2 says:

"2. Mortgages you took out after October 13, 1987, to buy, build, or improve your home (called home acquisition debt), but only if throughout 2006 these mortgages......"

My question is: if a first-time home buyer takes out a first mortgage (home acquisition debt) in 2007, will the "throughout 2006" mean "throughout 2007"?

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david ingram replies:

yes!

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