Mexico Sets First Fixed Rates With Inflation Receding: Mortgages


23/04/2012 09:41 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed News
Most Viewed Companies
Ticker Price Volume
EEC 18.71 3,506,077
OOREDOO 1120 1,390
GFH 0.31 28,000
QNBK 156 240,031
BKMB 0.4 2,620,003
KPROJ 550 69,446
SIPCHEM 13.24 182,507
Recent News

US dollar slips against commodity currencies after OPEC deal
The US dollar hit a roughly five-month low against the Norwegian crown and fell against other commodity-linked currencies on Wednesday after OPEC sources told Reuters the producing group agreed to r

Heavyweights lead index drop on Muscat bourse
Selling pressure in index heavyweights weighed on the MSM 30 Index which declined 0.39 per cent to close at 5,726.16 points. The MSM Shariah Index closed at 874.98 points, down 0.07 per cent.

Qatar Electricity and Water acquires 9.75pc stake in Phoenix Power
Phoenix Power Company SAOG announced yesterday one of its founder shareholders Qatar Electricity and Water Company (QEWC), has transferred its entire stake in the company, representing 9.75 per cent

Islamic banks in Sultanate post 53% growth in finance
Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 53.09 per cent (or OMR744.3 million) in financing at OMR2,146.2 million by the end of July 2016, against OMR1,401

Development of local resources can help supplant copper imports
Rising copper imports fuelled by the growth of a burgeoning copper-based manufacturing sector could soon be supplanted by locally sourced metal mined and processed in Oman, according to a top executi

Research Reports
Daily Market Review - Saudi Stock Exchange Daily Market Review - Dubai Financial Market Daily Market Review - Abu Dhabi Securities Exchange Daily Market Review - Kuwait Stock Exchange Daily Market Review - Bahrain Stock Exchange more..
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?