January 21, 2014 / 12:45 PM / 4 years ago

STXNEWS LATAM-Brazil mortgage loans break record in 2013, Abecip says

Financing for home purchases in Brazil soared 32 percent last year to an all-time high of 109.2 billion reais ($46 billion), Abecip, the group representing mortgage lenders, said on Tuesday. In December alone, loans extended to homebuyers rose 17 percent on an annual basis, the group said in a statement.

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