[ad_1]
Mortgage loan rates continued their downward trend and completed their fourth consecutive week of declines, reaching their lowest level since the beginning of the year.
According to the data released this Wednesday by the Central Bank Loan rates averaged 2.27% in the week of September 24-30, compared to 2.41% the previous week.
Thus they recorded a decrease of 0.32 points compared to 2.59% in the last week of August.
In this way, the rates were at their lowest level since the first week of January, when they averaged 2.26%, although they are still far from the historical minimum of 1.91% registered in the week of November 1 to 7 of last year.
In the month, rates averaged 2.4% compared to 2.6% in August.
But rates on home loans weren’t the only ones to drop.
In the case of consumer loans they fell to 14.21% in the last week of September compared to 16.73% in the previous week and 14.91% in the period of August 24 to 31.
Thus, they recorded their lowest level since the last week of April when they averaged 13.79%.
For their part, the rates of commercial loans, that is, those granted to companies, stood at 3.48%, compared to 3.87% in the previous week and 4.27% in the last week of August.
The annual growth of the total stock of loans in September was 7.3%, compared to 8.2% in August, due to the lower dynamism of all its components.
Thus, commercial and housing loans rose 12.9% and 8.6%, respectively compared to the increases of 13.7% and 8.9% recorded in August.
Meanwhile, consumer and foreign trade loans fell 12.7% and 11.2% annually, compared to decreases of 11% and 8.5%, registered in the previous month.
Deposit rates in pesos remained at levels of 0.5 and 0.4% for terms of 30 to 89 days and 90 days to one year, respectively in September.
For operations agreed to with terms of between one and three years, the rate decreased to 0.6%, compared to 1% in August.
