Having come from the United States where everyone I know is steeped in credit card debt, it was hard not to see the same thing happening in Mexico when everywhere from banks to supermarkets are pushing credit cards to people who have never had to responsibly manage credit before. Rates on credit card purchases in [...]

From the incomparable MexFiles Blog, written by author and historian Richard Grabman, I found this positive tidbit of news on why Mexico isn’t facing the same mortgage crisis as the United States. What I liked about this article was the emphasis on how a home is basic human right and that Mexicans look at their [...]

Mexico Interest Rates Remain the Same While US Mortgage Rates Fall By Terence Reilly, MEXLend Mortgages (originally published in the Vallarta Tribune, March 2009) As interest rates in the US decline, many people are curious as to why the rates for mortgages in Mexico remain the unchanged.  The short answer is that the United States [...]