Bradesco raises mortgage rates after market rates surge

In brief

Bradesco raised mortgage rates.

The minimum went to about 15% a year plus TR.

Verified fact · material
Bradesco confirmed it updated mortgage rates due to the rise in market rates.
Update.
Sources[01][02]
Verified fact · material
The minimum rate rose to about 15% a year plus TR, from 11.7%, according to the reports.
Rate.
Sources[01][02]
Verified fact
According to InfoMoney, the change has applied since October 26.
Effective date.
Sources[01]
Verified fact
According to InfoMoney, Santander and Itaú had not announced changes.
Peers.
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Transmission to assets

If other banks follow, mortgage lending should slow and weigh on homebuilders.

Incorporadorasnegative

Costlier credit cuts sales.

Rates fall.

What would change the view: Banks follow.

sector20% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

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