The Development Finance Agency announced the adjustment of interest rates for credit applications that come in from January. The product My First Home is among those reached by the measure.
In a statement published tonight in response to inquiries from our newsroom about new interest rates for different AFD credits, the entity confirmed the newsalthough their referents will only speak tomorrow.
What the AFD was able to report is thate the adjustment of interest rates for new credit applications is effective as of today, January 2.
The plotaccording to the ad, is the increase in the cost of funding (interest rates) worldwide, something that the entity describes as a phenomenon that has been registered since the beginning of 2021.
Regarding the product My First Home, the AFD clarifies that it is the one that had the least adjustment, since this sector has a high impact on the generation of jobs and family income.
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However, no paragraph in the release specifies the new rate percentages. Given the insistent attempts from our newspaper to talk with a spokesperson or person in charge, the answer was that they will talk tomorrow.
The data spread like wildfire on the social network Twitter, through a businessman in the real estate industry:
AFD raised again the interest rate for mortgage loans from 6.9% to 7.9% and from 8.9% to 9.9% for loans for my first home. With this, mortgage loans will be more expensive. Inflation?
— Gustavo Silva | Real Estate (@tavogabriel) January 2, 2023
In 2022, from January to November, sUSD 146 million was approved to finance 3,271 homes. This had an impact on 40,900 families and created thousands of jobs, according to AFD records.
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