
State-run bank Caixa Econômica Federal starts to offer next week a new credit line for property finance that will be pegged to the saving accounts interest rates. The institution has set aside an initial R$30 billion for the line and expects them to be consumed in just a few months. With the benchmark interest rate Selic in a low level and real estate prices stable, the new line tends to be cheaper for the conventional rates.
Source: Valor International