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 Companies
Ticker Price Volume
QNBK 141 109,746
EMAAR 6.4 5,784,959
RIBL 11 345,788
SABIC 82.24 4,514,661
TAWUNIYA 94.57 67,649
OTEL 1.6 5,428
STC 65.02 236,848
Recent News

Oman set to become world’s largest gypsum exporter by 2018
Oman is on track to being crowned as the world’s largest exporter of gypsum by 2018 on the back of surging output that underscores the immense potential of the Sultanate’s mining sector to fuel the n

Bank Muscat organises Qaranqasho celebration
As part of “Ramadhan Al Khair” programme, Bank Muscat organised a unique Qaranqasho celebration in Alden village in Wilayat of Samayil with amazing lights and sound effects. The village children enjo

Brexit effect on Oman MSM may be short-lived
Along with its peers in the region, the Muscat Securities Market made marginal gains on Thursday, one day before Britain voted to stay out the European Union. But for the world stock markets, it was

Total yearly vehicle sales in Middle East to reach 4.4 million in 2020
Total light vehicle sales in the Middle East is estimated to reach 4.4 million by 2020 as compared to the 2015 total of 3,2 million, according to Frost & Sullivan. At the same time, the number of veh

Assets of commercial banks in Oman rise 7.7% to OMR28.6 billion
The total assets of conventional commercial banks increased by 7.7 per cent to OMR28.6 billion in April 2016 from OMR26.5 billion a year ago. Of the total assets, credit disbursement accounted for 67

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?