Bradesco raises mortgage rate to 15%, citing fiscal concerns

Bradesco, Brazil's largest private bank, raised its minimum home-loan rate to 15% annually, a move analysts attribute to rising fiscal risk and higher funding costs. The hike will slow mortgage origination and increase borrower installments, signaling tighter credit conditions in Brazil's housing market. The decision reflects market anxiety over the government's fiscal trajectory, which may pressure the central bank to keep rates elevated.

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