The improvement in interest rates and credit conditions began to impact the statistics of the mortgage market
The improvements in credit conditions implemented over the past few months have also started to impact the numbers. Andrés Salinas, economist and professor at the National University of La Matanza, explained that the recovery was linked to the relaxation of scoring and a reduction in rates compared to the highs recorded previously.
The mortgage credit market showed positive signs again in June and reached its best record since March, with nearly 1,850 loans granted for an approximate amount of USD 150 million. The numbers confirm a concrete improvement in the sector that the Government itself had anticipated and begin to mark a recovery after months of lower dynamism.
Although the volume still remains below the peak reached during 2025, the specialists highlight that the new credit conditions have started to be reflected in the statistics and that the system is beginning to enter a stage of greater stability.
As explained by Matías Araujo, researcher at the Urban Fabric Foundation, the main change is not only in the number of loans granted but in the composition of the entities that originate the credits. During January, the Banco Nación accounted for nearly 90% of the new mortgage registrations, but its share began to gradually decrease while private banks, especially BBVA, regained presence in the market.
In this context, Banco Nación went from granting about 2,000 registrations to approximately 900, while private entities began to place credits again. For Araujo, the market is undergoing an “institutional restructuring” related to financing conditions, the position of new players, and a more diversified offer for those seeking to access their own housing.
“We are seeing signs of recovery following an improvement in credit conditions that began at the end of the first quarter of this year,” said Salinas, who emphasized that the credits currently reported correspond, in many cases, to applications initiated two to three months earlier.
Currently, the rates offered by banking entities average 8.5%. Banco Nación maintains a rate of 6% for those who receive their salaries at the institution, while ICBC offers a rate of 6.5% for its clients. In a market historically conditioned by inflation, instability, and a lack of long-term credit, the decrease in financial costs is a central phenomenon.
Looking ahead, specialists believe that macroeconomic stability will be crucial to sustain the improvement during the second half. A reduction in financing costs would allow more families to meet the payment-to-income ratio required by banks and advance in purchase operations.
