Mortgage loan interest rates reach nearly a year high



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According to information from the Central Bank, this type of credit completed its fifth consecutive week of increases.

Mortgage loan interest rates continue to rise. The Central Bank reported on Thursday morning that they reached an average of 2.81% between the week of April 8 and 15.

In this way, the figure reaches maximums since the week of June 23, 2019, when the value was also 2.81%. In addition, it thus completes its fifth consecutive rise.

Similarly, the interest rate continues to stay away from the historical low of the first week of December, when an average of 1.91% was recorded.

Week Interest rate (%)
March 8 – 15 2.58
March 16-23 2.64
March 24 – 31 2.70
April 17th 2.73
April 8 – 15 2.81
Fuente: Banco Central

Consumer and commercial also rise

Rates for consumer loans also posted increases. The average between April 8 and 15 was 21.75%, while that of the previous week was 20.16%.

Commercial loan rates followed the same trend. In the same period, these had an average value of 6.40%, while the previous week this was 5.19%.

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