The average mortgage rate on the soles is historical minimum 7.28%, according to information from the Central Reserve Bank (BCR).
According to specialists in the reduction of BCR rates, the new cut in the American interest rate. and greater competition between financial institutions drives the downward trend in mortgage rates.
And as a result of lowering these rates, mortgage loans are accelerating more and more. In August this year they added S / 50,732 million, an increase of 9.1% for the same period of 2018
In the second half of the year they have further activated mortgages.
"We didn't see the brake after July. We are at the level Pretty good rates. It will depend a bit on the situation, which will go down more, "said Juan Ignacio Pardo, head of the Mortgage and Real Estate Department at Interbank.
So far, financial institutions have not noticed the conflict between the government and Congress caused by the proposal to speed up the election made by President Martin Vizcarra, mortgage demand has been slightly hurt.
Meanwhile, Manuel Piñán, BBVA Real Estate Business manager said Daily management that at least in In October and November the conditions will continue to be very favorable for the payment of mortgages.
Another important factor when making decisions is bonds provided by the state through the Mivivienda fund with which the price of housing drops significantly and it becomes more profitable to pay monthly fees. According to the Asbanc banking union, since May this year, Mivivienda loans have grown more than traditional mortgages.
"Social housing was very much promoted by the Mivivienda fund, and above all by Green Bond program. Techo Propio social projects still have a lot of space, especially in the province, "said Pardo.
Piñán said that The payment of up to 25% of AFP funds for the first installment of the first house is another key factor in increased demand.