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Brazil new mortgages jump almost 80% in November

SAO PAULO, Dec 23 (Reuters) - Mortgage loans reached 13.8 billion reais ($2.65 billion) in November, up 77.9% over the same period in 2019, mortgage lender association Abecip reported on Wednesday.

From January to November, loans from the banking system to finance the purchase and construction of real estate advanced 52.1% versus the same period a year earlier, to 106.5 billion reais. ($1 = 5.1998 reais) (Reporting by Aluisio Alves, writing by Carolina Mandl)