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

Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SIPCHEM 14.4 299,930
ALMARAI 55.71 166,121
SABIC 84.1 6,672,378
GFH 0.24
RIBL 11.04 1,408,718
TAWUNIYA 83.52 141,793
EEC 29.43 705,085
Recent News

Strong selling drags QSE 96 points, settle below 10,100
Stronger selling, especially in the real estate and industrials stocks, dragged the Qatar Stock Exchange 96 points to settle below the 10,100 mark.

The Gulf institutions’ increased net pro

Gulf markets fall; Emaar drops after earnings
Stock markets in the Gulf fell yesterday after oil prices pulled back and Dubai blue chip Emaar Properties dropped following the release of its first-quarter earnings. Saudi Arabia’s index slipped

Qatar, UAE chambers eye stronger ties in food security, tourism and IT
Business leaders from Qatar and the UAE have expressed keen interest to form a six-member committee from their respective chambers of commerce to enhance mutual investment opportunities in various se

Japan's Nikkei leads losses in limited Asian trade
Tokyo stocks plunged more than three percent as a surging yen hit exporters Monday, leading a sell-off across Asia in holiday-thinned trade and after worries about the global economy fuelled sharp lo

Ezdan’s Cityscape pavilion attracts many visitors
Ezdan Holding Group’s pavilion at the just-concluded Cityscape Qatar 2016 attracted large number of visitors, including prominent figures and real estate developers as well as a great number of visit

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


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