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Brazil mortgage financing slumps as activity wanes, group says

A measure of mortgage loan disbursements in Brazil rose at the slowest pace in more than a decade as rising borrowing costs, a stagnant economy and eroding confidence dampened demand for home loans, an industry group said on Wednesday. The amount of mortgage loans funded with resources from the country's SBPE savings and loan system totaled 112.9 billion reais ($43.4 billion) last year, a 3.4 …

U.S. mortgage applications rise in latest week: MBA

NEW YORK, (Reuters) – Applications for U.S. home mortgages rose last week as mortgage rates continued to slide, bringing activity to a 17-month high for a second straight week, data from an industry group showed on Wednesday.