Business · Economy · 1 hr ago
Bank mortgage lending in Mexico remains flat as public loans grow
Commercial banks issued 43,500 home-purchase loans in Mexico in the first half of 2026, 2.4% fewer than a year earlier.
The total value of those loans fell 4.8%, and the average loan size also declined.
By contrast, public housing institutes Infonavit and Fovissste increased lending, issuing 181,100 home-purchase loans, up 2.4% year over year.
The housing market showed signs of stabilizing, but a sustained recovery has not yet begun.
Home prices rose 7.3% in real terms over the year, making the ability to afford a home a major challenge despite improving work incomes and gradually falling interest rates.
Mortgage lending is concentrated in a limited number of markets, which accounted for 52.8% of bank loans in the first half of the year.
A moderate increase in mortgage lending is expected by the end of 2026, while the 2027 outlook depends on whether more housing projects become completed homes available to buyers.
Commercial banks issued 43,500 home-purchase mortgages in Mexico in the first half of 2026, down 2.4% from a year earlier.
The balance of bank home-purchase loans fell 4.8% to 112 billion pesos, while the average loan amount declined to 2.57 million pesos.
Public housing institutions Infonavit and Fovissste issued 181,100 home-purchase loans, up 2.4%, with total lending rising 5.1% to more than 137.5 billion pesos.
A BBVA México report said the housing market showed signs of stabilizing but had not yet achieved a sustained recovery.
The report expects moderate mortgage growth by the end of 2026 and says the 2027 outlook depends on more housing projects becoming completed and available homes.
- Who
- Commercial banks and public housing institutions Infonavit and Fovissste.
- What
- Bank mortgage lending remained flat, while public institutions’ home-purchase lending grew.
- When
- The figures cover the first half of 2026, through June.
- Where
- Mexico.
- Why
- The report cited improving labor incomes and gradually falling interest rates as support for demand, but said housing affordability remained the main challenge as prices rose 7.3% year over year in real terms.
This story does not have two clearly opposing sides.
Commercial bank home-purchase mortgage lending fell in both number and total balance, while lending by public institutions grew.
The figures showed 43,500 bank home-purchase loans and 181,100 loans from Infonavit and Fovissste.
The BBVA México report expected moderate mortgage growth.
The report said the outlook would depend on more housing projects becoming completed and available homes.
- Bank home-purchase loans
- 43,500, down 2.4% year over year
- Bank loan balance
- 112 billion pesos, down 4.8%
- Public institution loans
- 181,100, up 2.4% year over year
- Public institution lending
- More than 137.5 billion pesos, up 5.1%
- Average bank loan
- 2.57 million pesos, down from 2.64 million a year earlier
- Housing prices
- Up 7.3% year over year in real terms
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What people are saying
The housing market showed signs of stabilization during the first half of 2026, although there is still no sustained recovery.
We expect moderate mortgage growth by the end of 2026, while the outlook for 2027 will depend on whether the increase in projects translates into completed and available housing.