Mexico Sets First Fixed Rates With Inflation Receding: Mortgages


23/04/2012 09:41 AST  Bloomberg

Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.

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 lender, which has made about 4.4 million loans since 2001, also plans to issue mortgage-backed securities in pesos next year to match income with obligations, the first such sales since 2004.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL
Most Viewed Companies
Ticker Price Volume
RIBL 19.1 5,134,816
JULPHAR 3
EEC 88.53 2,668,195
EMAAR 9.7 5,267,368
SECO 17.42 13,590,547
SAPTCO 38.52 625,023
ARTC 4.05 93,976,309
Recent News

SAMA net foreign assets reach SR2.737 trillion
The Kingdom’s M3 money supply growth edged up to 12.3 percent year-on-year in June from a five-month low of 12.1 percent in the previous month, Saudi Arabian Monetary Agency (SAMA) data showed.

GCC projects underpin sustainable development
Driven by higher capital expenditure, GCC countries will see projects underpin their sustainable development and diversification, a new report has shown.

According to QNB, GCC countries ha

Dubai industrial rents up in first half
Enquiries for industrial property in Dubai were significantly stronger in first half of 2014, compared to six months earlier.

However, due to the limited availability of stock, leasing de

Arabtec Q2 net profit up 11pc
Arabtec, the construction company at the centre of Dubai’s stock market turmoil, reported an 11 percent rise in second-quarter profit yesterday, missing analysts’ estimates.

Net profit cli

Saudi water membrane facility project awarded
The Dow Chemical Company has awarded Fluor Corporation the engineering, procurement and construction (EPC) contract for its Reverse Osmosis (RO) manufacturing facility in Saudi Arabia.

Lo

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?