Bank credit for housing is the one that has shown the greatest stability in recent years. In fact, at no time during the Covid-19 pandemic were falls recorded.
Despite this, the figures of recent months show that this dynamism is slowing down, this type of financing linked three consecutive months registering increasingly modest growth, according to figures from the Bank of Mexico.
In August 2022, credit for home purchase barely grew 2.9%, the second month or level registered so far this year.
This shows that the rate hike could be cooling this financing sector.
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