Banks like BBVA, Santander, HSBC, scotiabank and mortgage companies such as Yave offer fixed annual rates that range from 7.8% to 11.4%, reported El Financiero, while in organizations such as Infonavit, interest rates, for a year, have been in a range that goes from 1.9 to 10.45%, without increases.
“We are living a inflation very significant and the central banks of the different countries are trying to mitigate the effects of inflation due to lack of supply and not demand. For the following months we could see increases in mortgage rates in Mexico,” said Fernando Soto-Hay, CEO of Tu Hipoteca Fácil.
Cristian Huertas, CEO and founder of the Morgana digital mortgage, told El Financiero that in addition to the increases in interest rates that the market could experience, there are other factors such as the war in Ukraine that will also impact the mortgage sector in the coming months.
“There are several pressures derived from inflation and the price of steel, highly influenced by Russia’s invasion of Ukraine, which significantly affect construction and can push prices up. We are going to see a slowdown in the number of mortgages,” he said.
Source: Ambito
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