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Caracterización de las Tasas de Interés de Créditos para la Vivienda

Patricio Hevia and César Vásquez

Economic Statistics Series from Central Bank of Chile

Abstract: This document presents a characterization of the average interest rate of mortgage loans published by the Central Bank of Chile. This characterization has been done from an analysis of the level and coefficient of variation of the interest rates for different grouping of credits according to amount and term. In particular, this paper uses the data from loans for the acquisition of a property with a price adjusted by inflation (unidad de fomento, UF) for the period 2013-2016. The main result obtained is that groups according to amount and term have a different level of interest rate and dispersion. The breakdowns studied exhibit a high correlation with the aggregate rate. Therefore, the interest rate published by the Central Bank of Chile is representative of the behavior of different types of credit that exist in the mortgage market.

New Economics Papers: this item is included in nep-dcm
Date: 2017-04
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