Overview
- BBVA lowered the annual rate on its preferential UVA mortgage line to 7.5% from 10.5% for customers who receive their salary at the bank, while its standard line stays at 10.9% and the non‑payroll rate remains near 17%.
- Economists frame the cut as a symbolic first step toward looser financial conditions, coinciding with a marginal reduction in bank reserve requirements and a drop in CER‑linked bond yields.
- Eligibility remains narrow, with BBVA’s preferential offer aimed at borrowers earning more than $5 million monthly and allowing up to 80% financing over 5 to 30 years for qualifying properties.
- Real‑estate firms report a quick rise in buyer inquiries after the election and the rate move, signaling improved sentiment even as overall mortgage costs remain historically high.
- Competitive headline offers persist at some lenders but practical access is tight—Banco Nación’s stricter scoring reportedly doubled to 909 points—while ICBC and IRSA launched construction‑stage financing of up to 80% with UVA installments and rates around 13% to 14%.