<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-6346</journal-id>
<journal-title><![CDATA[Semestre Económico]]></journal-title>
<abbrev-journal-title><![CDATA[Semest. Econ.]]></abbrev-journal-title>
<issn>0120-6346</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Medellín]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-63462024000100009</article-id>
<article-id pub-id-type="doi">10.22395/seec.v27n62a4591</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[COMPORTAMIENTO DE LOS CRÉDITOS HIPOTECARIOS EN COLOMBIA DURANTE EL 2018-2023: TASAS VS. DESEMBOLSOS]]></article-title>
<article-title xml:lang="en"><![CDATA[BEHAVIOR OF MORTGAGE LOANS IN COLOMBIA DURING 2018-2023: RATES VS DISBURSEMENTS]]></article-title>
<article-title xml:lang="pt"><![CDATA[COMPORTAMENTO DOS EMPRÉSTIMOS HIPOTECÁRIOS NA COLÔMBIA DURANTE 2018-2023: TAXAS VS. DESEMBOLSOS]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hernández Arias]]></surname>
<given-names><![CDATA[Carmen Tatiana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Peláez-Higuera]]></surname>
<given-names><![CDATA[Johanna]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Manizales  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Manizales  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2024</year>
</pub-date>
<volume>27</volume>
<numero>62</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-63462024000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-63462024000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-63462024000100009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN La adquisición de vivienda es considerada un elemento clave para garantizar la calidad de vida, sin embargo, este evento se ve afectado por diversas variables que pueden facilitar o dificultar la consecución de esta meta como lo es la tasa de interés. El objetivo de esta investigación es analizar el impacto de las fluctuaciones en las tasas de interés en los desembolsos de créditos de vivienda en Colombia durante el periodo 2018-2023, evaluando tanto el mercado de viviendas de interés social (vis) como el de viviendas No vis. La metodología empleada incluye la división de los datos en tres periodos distintos: prepandemia, pandemia y pospandemia, con un total de 64 datos analizados. A través de estadísticas descriptivas y análisis correlacionales, se evidencia el cambio en las tasas de interés y su impacto en la cantidad de desembolsos para ambos tipos de viviendas. Los resultados revelan que la tasa de interés tuvo una mayor influencia en los desembolsos tipo vis durante el periodo de pandemia, lo que plantea importantes implicaciones para la política monetaria y el mercado hipotecario en Colombia, especialmente en la evaluación de los efectos de una tasa de interés elevada a largo plazo.  CÓDIGOS JEL E43, E44, E51, G21, G28.  CONTENIDO Introducción; 1. Antecedentes; 2. Marco teórico; 3. Metodología; 4. Análisis y discusión de resultados; 5. Conclusiones; 6. Implicaciones; Referencias.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The acquisition of housing is considered a key element in ensuring quality of life; however, this event is affected by various variables that can either facilitate or hinder the achievement of this goal, such as the interest rate. The objective of this research is to analyze the impact of fluctuations in interest rates on housing credit disbursements in Colombia during the period 2018-2023, evaluating both the social interest housing (vis) market and the non-social interest housing market. The methodology used includes dividing the data into three different periods: pre-pandemic, pandemic, and post-pandemic, with a total of 64 data points analyzed. Through descriptive statistics and correlational analysis, the change in interest rates and their impact on the number of disbursements for both types of housing are evident. The results reveal that the interest rate had a greater influence on vis disbursements during the pandemic period, which raises significant implications for monetary policy and the mortgage market in Colombia, particularly in evaluating the long-term effects of a high interest rate.  JEL CODES E43, E44, E51, G21, G28.  CONTENT Introduction; 2. Background; 3. Theoretical Framework; 4. Methodology; 5. Analysis and Discussion of Results; 6. Conclusions; 7. Implications; References.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO A aquisição de moradia é considerada um elemento chave para garantir a qualidade de vida, no entanto, este evento é afetado por diversas variáveis que podem facilitar ou dificultar a realização deste objetivo, como a taxa de juros. O objetivo desta pesquisa é analisar o impacto das flutuações nas taxas de juros nos desembolsos de créditos imobiliários na Colômbia durante o período de 20182023, avaliando tanto o mercado de moradias de interesse social (vis) como o de moradias Não vis. A metodologia empregada inclui a divisão dos dados em três períodos distintos: pré-pandemia, pandemia e pós-pandemia, com um total de 64 dados analisados. Através de estatísticas descritivas e análises correlacionais, é evidenciada a mudança nas taxas de juros e seu impacto na quantidade de desembolsos para ambos os tipos de moradias. Os resultados revelam que a taxa de juros teve uma maior influência nos desembolsos do tipo vis durante o período da pandemia, o que levanta importantes implicações para a política monetária e o mercado imobiliário na Colômbia, especialmente na avaliação dos efeitos de uma taxa de juros elevada a longo prazo.  CLASSIFICAÇÃO JEL E43, E44, E51, G21, G28.  CONTEÚDO Introdução; 2. Antecedentes; 3. Referencial Teórico; 4. Metodologia; 5. Análise e Discussão dos Resultados; 6. Conclusões; 7. Implicações; Referências.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Crédito hipotecario]]></kwd>
<kwd lng="es"><![CDATA[tasa de interés]]></kwd>
<kwd lng="es"><![CDATA[desembolsos]]></kwd>
<kwd lng="es"><![CDATA[vis]]></kwd>
<kwd lng="es"><![CDATA[No vis]]></kwd>
<kwd lng="es"><![CDATA[COVID-19]]></kwd>
<kwd lng="en"><![CDATA[Mortgage credit]]></kwd>
<kwd lng="en"><![CDATA[interest rate]]></kwd>
<kwd lng="en"><![CDATA[disbursements]]></kwd>
<kwd lng="en"><![CDATA[vis]]></kwd>
<kwd lng="en"><![CDATA[Non-vis]]></kwd>
<kwd lng="en"><![CDATA[COVID-19]]></kwd>
<kwd lng="pt"><![CDATA[Crédito hipotecário]]></kwd>
<kwd lng="pt"><![CDATA[taxa de juros]]></kwd>
<kwd lng="pt"><![CDATA[desembolsos]]></kwd>
<kwd lng="pt"><![CDATA[vis, Não vis, COVID-19]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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