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Mortgage rates to decline following central bank's rate cut: economists

Economists were expecting rates to dip slightly in response to the Bank of Canada's surprise move Wednesday to cut its trend-setting interest rate to 0.75 per cent, from one per cent, to soften the blow of dropping oil prices on the Canadian economy. “This signals that low interest rates will be with us a while longer,” said Avery Shenfeld, the chief economist at CIBC World Markets, noting that …

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 …

mortgage loan Rates Fall to 16-Month Low

mortgage loan rates have dropped on all types of loans for the third consecutive reporting period and are now at levels equal to mid-2013.

Poland orders Swiss franc mortgage probe, weighs "extraordinary" measures

Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central Bank governor Marek Belka at 1300 GMT, a day …