| A more stable economy--complete with the historically low interest rates that prove it--will help make mortgage lending the Brazilian credit market leader again in 2013. The total volume of mortgage lending will likely surpass all other credit categories this year for the first time in more than a decade, according to a study this week by consumer credit rating bureau Serasa Experian.
As of November, the last month for which official figures are available, total mortgage lending reached 270 billion Brazilian reais ($133 billion), slightly behind the BRL281 billion total for the first-placed lending category, which was individual consumer loans...............................................Full Article: Source
|