Competition Among Banks Reduces Mortgage Loan Interest Rates

On October 8th, following private banks, the Caixa Econômica Federal announced a reduction of up to one percentage point in interest rates for real estate financing with funds from the Brazilian Savings and Loans System (SBPE).

RIO DE JANEIRO, BRAZIL - With competition among banks, in a scenario with a basic interest rate (the Selic) at its lowest historical level, interest rates on mortgage loans are dropping. Among the five largest banks, the minimum rate varies between 7.30 and 7.99 percent per year.

On October 8th, following private banks, the Subscribe to our Premium Membership Plan. Already Subscribed?