Mexico Lowers 2015 Growth Forecast After Oil Production Decline

Mexico’s government cut its forecast for growth this year, two days after a similar reduction by the central bank, as the economy posted its biggest month-on-month decline in almost two years.

Mexican Bonds Rally on Weaker-Than-Forecast GDP; Peso Advances

Mexico’s peso bonds rose, pushing yields down the most in two weeks, as slower-than-forecast economic growth fueled speculation that the central bank will reduce borrowing costs.

Existing Mexican Home Sales Surge as New Ones Shunned: Mortgages

Laura Romero’s four-year-old son attends pre-school and her husband works at a Mexico City soda maker, so location was a top priority as they shopped for a home in the Western Hemisphere’s most populous metropolitan area.