BLOOMBERG.COMMexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time. A legal overhaul will let Mexicans who finance their homes with state-controlled Infonavit, the company founded in 1972 to give workers access to home financing, get the 30-year mortgages for the first time as soon as June.
The real interest rate, which is the benchmark rate minus inflation, of 0.77 percent in Mexico compares with 3.76 percent in Brazil, the region’s biggest economy, where President Dilma Rousseff’s administration is seeking to address a shortage of 6.3 million homes.
The real interest rate, which is the benchmark rate minus inflation, of 0.77 percent in Mexico compares with 3.76 percent in Brazil, the region’s biggest economy, where President Dilma Rousseff’s administration is seeking to address a shortage of 6.3 million homes.
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