Santander was the bank that offered the lowest interest rate for mortgage loans in Mexico in 2023. In January that year, the lowest annual interest rate offered by this bank amounted to **** percent. Banorte and Afirme were the two other banks that offered interest rates below ** percent. What are the mortgage rates in other countries worldwide? Mortgage interest rates vary widely across different countries, with some of the most attractive rates found in Europe. Mortgage rates have generally increased since 2021 because of rising inflation. That can clearly be seen in the development of mortgage rates in the United States, where interest rates more than doubled in just two years. How much does buying a home in Mexico cost? The average price of a home in Mexico was about *** million Mexican pesos in 2023, but in Mexico City, this figure was almost twice higher. Tamaulipas, Tlaxcala, and Durango were among the states where housing was least expensive.

Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data was reported at 9.360 % pa in Mar 2025. This stayed constant from the previous number of 9.360 % pa for Feb 2025. Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data is updated monthly, averaging 10.150 % pa from Dec 2004 (Median) to Mar 2025, with 244 observations. The data reached an all-time high of 12.490 % pa in Jun 2005 and a record low of 7.000 % pa in Oct 2021. Mexico Interest Rates on Household Credit: Mortgage Rate: Minimum data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Household Credit Interest Rates.

Key information about Mexico Bank Lending Rate

• Mexico Bank Lending Rate was reported at 8.160 % pa in Aug 2025.
• This records a decrease from the previous number of 8.430 % pa for Jul 2025.
• Mexico Bank Lending Rate data is updated monthly, averaging 5.710 % pa from Sep 1993 to Aug 2025, with 384 observations.
• The data reached an all-time high of 91.970 % pa in Apr 1995 and a record low of 3.290 % pa in Sep 2014.
• Mexico Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The benchmark interest rate in Mexico was last recorded at 7.25 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Actual value and historical data chart for Mexico Lending Interest Rate Percent

Mexico Interest Rates on Household Credit: Mortgage Rate: Average data was reported at 11.600 % pa in Oct 2025. This records a decrease from the previous number of 11.610 % pa for Sep 2025. Mexico Interest Rates on Household Credit: Mortgage Rate: Average data is updated monthly, averaging 10.180 % pa from Dec 2004 (Median) to Oct 2025, with 251 observations. The data reached an all-time high of 14.150 % pa in Jan 2005 and a record low of 9.930 % pa in Oct 2020. Mexico Interest Rates on Household Credit: Mortgage Rate: Average data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M: Household Credit Interest Rates.

The number of new mortgage loans granted in Mexico has declined in the past decade, despite some fluctuations. In 2024, approximately ******* mortgage loans were granted, down from ******* reported during the market peak in 2008.

Mexico Interest Rates on Household Credit: Mortgage Rate: Maximum data was reported at 21.130 % pa in Mar 2025. This stayed constant from the previous number of 21.130 % pa for Feb 2025. Mexico Interest Rates on Household Credit: Mortgage Rate: Maximum data is updated monthly, averaging 14.490 % pa from Dec 2004 (Median) to Mar 2025, with 244 observations. The data reached an all-time high of 22.750 % pa in Jul 2024 and a record low of 10.300 % pa in Apr 2015. Mexico Interest Rates on Household Credit: Mortgage Rate: Maximum data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Household Credit Interest Rates.

Discover the booming Mexico Home Equity Loan market! This in-depth analysis reveals a CAGR exceeding 5%, driven by rising homeownership and diverse loan options. Explore key players, market trends, and growth projections for 2025-2033. Learn about fixed-rate loans, HELOCs, and the top financial institutions in Mexico's thriving home equity lending sector. Recent developments include: On August 2022, Rocket Mortgage, Mexico's largest mortgage lender and a part of Rocket Companies introduced a home equity loan to give Americans one more way to pay off debt that has risen along with inflation. Detroit-based Rocket Mortgage is enabling the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience, On February 2023, Guild Mortgage, a growth-oriented mortgage lending company originating and servicing residential loans since 1960, increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. With this acquisition, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs, and other specialized loan programs.. Key drivers for this market are: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Potential restraints include: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Notable trends are: Financial And Socioeconomic Factors Favouring The Market.

In 2022, the total amount of personal mortgage loans granted in Mexico reached *** billion Mexican pesos, a slight increase compared to the value of loans registered the year before. Commercial banks conceded about ** percent of personal mortgage loan value in 2022, followed by the Institute of the National Workers' Housing Fund (INFONAVIT), which was responsible for approximately ** percent of mortgage lending.

The table below showcases the 10th, 25th, 50th, 75th, and 90th percentiles of mortgage rates for each zip code in Mexico, Missouri. It's important to understand that mortgage rates can vary greatly and can change yearly.

Mexico MX: Lending Interest Rate data was reported at 7.339 % pa in 2017. This records an increase from the previous number of 4.718 % pa for 2016. Mexico MX: Lending Interest Rate data is updated yearly, averaging 7.561 % pa from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 59.432 % pa in 1995 and a record low of 3.422 % pa in 2015. Mexico MX: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Forecast: Bank Lending Interest Rate in Mexico 2022 - 2026 Discover more data with ReportLinker!

Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in the third quarter of 2025. The capital city's average house price of 3.93 million Mexican pesos far exceeds the national average of 1.86 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the second quarter of 2025, the nominal house price index reached 287 points, representing a 187 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 50 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends given its large demographic influence on the national housing market.

In 2019 in Mexico, public institutions composed by Infonavit (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) and Fovissste (Fondo para la Vivienda del Instituto de Seguridad Social al Servicio de los Trabajadores del Estado) awarded an amount of ***** billion Mexican pesos worht of loans. Infonativ was the publilc institution that awarded the largest amount of credit with ***** billion Mexican pesos.

Mexico: Bank lending-deposit interest rate spread : The latest value from 2020 is 4.88 interest rate points, a decline from 4.9 interest rate points in 2019. In comparison, the world average is 6.59 interest rate points, based on data from 93 countries. Historically, the average for Mexico from 1993 to 2020 is 5.75 interest rate points. The minimum value, 1.54 interest rate points, was reached in 1993 while the maximum of 19.61 interest rate points was recorded in 1995.

In 2023, BBVA concentrated roughly ** percent of the loans granted in Mexico. BBVA had an even bigger market share in the mortgages segment. Meanwhile, Banorte's was the second organization in the ranking, with almost ** percent of all lending. In 2024, Banorte ranked among the most valuable banking brands in Latin America.

Mexico Home Equity Lending Market is segmented by type (Fixed rate loans and home equity lines of credit), by Service Providers (Commercial banks, Financial Institutions, Credit Unions, and other creditors), and by Mode (Online and Offline). The report offers market size and values in (USD million) during the forecasted years for the above segments.

Mexico MX: Deposit Rate data was reported at 3.271 % pa in 2018. This records an increase from the previous number of 2.696 % pa for 2017. Mexico MX: Deposit Rate data is updated yearly, averaging 10.972 % pa from Dec 1976 (Median) to 2018, with 43 observations. The data reached an all-time high of 94.959 % pa in 1987 and a record low of 0.589 % pa in 2015. Mexico MX: Deposit Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

The Mexican residential real estate market, valued at $14.51 billion in 2025, exhibits a promising growth trajectory with a Compound Annual Growth Rate (CAGR) of 4.14% projected from 2025 to 2033. This robust expansion is fueled by several key drivers. A growing middle class with increasing disposable income is a significant factor, alongside government initiatives promoting affordable housing and infrastructure development. Urbanization continues to drive demand, particularly in major metropolitan areas like Mexico City, Guadalajara, and Monterrey. Furthermore, the tourism sector's influence on secondary housing markets in coastal and resort regions contributes significantly to the overall market dynamism. However, challenges exist; fluctuations in the Mexican Peso against the US dollar can affect investment sentiment, and interest rate changes impact mortgage accessibility. Regulatory hurdles and bureaucratic processes related to land ownership and construction permits sometimes impede development. The market is segmented by property type, with apartments and condominiums likely holding the largest share, followed by landed houses and villas, reflecting diverse consumer preferences and housing needs. Competition is intense, with a mix of both large national developers like Grupo Lar and Grupo Sordo Madaleno, alongside smaller regional players vying for market share. The market's future success depends on navigating these challenges effectively while capitalizing on the underlying growth opportunities. The projected market expansion will likely see a more pronounced increase in higher-value segments (landed houses and villas) as rising incomes fuel demand for luxury properties. Geographical variations are expected; while urban centers will experience sustained growth, resort areas might see more volatile fluctuations influenced by tourism trends. The market's resilience will be tested by its ability to adapt to potential economic shifts and effectively address regulatory constraints. Continuous investment in infrastructure and supportive government policies will be pivotal in fostering sustainable and inclusive growth across all market segments within the forecast period. The presence of both large and small players ensures a competitive landscape, promoting innovation and diversification within the industry. Recent developments include: June 2023: Habi, a prominent real estate technology platform, is set to receive a substantial financial boost of USD 15 million from IDB Invest. This funding, spread over four years, aims to fuel Habi's expansion plans in Mexico. While the structured loan has the potential to reach USD 50 million, its primary focus is to cater to Habi's working capital needs. IDB Invest's strategic move is not just about bolstering Habi's growth; it also aims to leverage technology to enhance liquidity and agility in Mexico's secondary real estate markets. By addressing the housing gap in Mexico, this funding initiative is poised to elevate market efficiency, bolster transparency, encourage local contractors for home renovations, and expand Habi's corridor network., June 2023: Celaya Tequila, a premium tequila brand crafted in small batches and co-founded by brothers Matt & Ryan Kalil, is forging a philanthropic alliance with New Story, a non-profit dedicated to eradicating global homelessness. In a groundbreaking move, Celaya Tequila pledges to contribute a percentage of sales from every bottle towards an affordable housing endeavor in Jalisco, Mexico. This endeavor aims to empower underprivileged families in Jalisco by enhancing their access to homes and land ownership.. Key drivers for this market are: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Potential restraints include: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Notable trends are: Demand for Residential Real Estate Witnessing Notable Surge, Primarily Driven by Young Homebuyers.