Mexico’s largest mortgage provider, the state-controlled Infonavit, plans to offer home buyers fixed-rate loans for the first time, coinciding with the end of the two-decade long inflationary 'hangover' from the country’s Tequila Crisis.
Infonavit, a company founded in 1972 to give workers access to home financing, will allow Mexicans to access 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.
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