MORTGAGE LOANS DOWN 20.6%

31-10-2024

gov_rss

The value of residential mortgage loans approved in September was $17.3 billion, a 20.6% drop compared with August, the Monetary Authority announced today.

Mortgage loans financing primary market transactions dropped 27.2% to $5.6 billion, while those financing secondary market transactions decreased 15.4% to $10 billion.

Loans for refinancing decreased 25.1% to $1.8 billion.

Mortgage loans drawn down during September amounted to $15.4 billion, a 3.6% reduction from August.

The number of mortgage applications in September dipped 15.9% month on month to 4,977.

The outstanding value of mortgage loans increased 0.1% month on month to $1.872 trillion at the end of September.




PREVIOUSNEXT

Latest Business News

最新商業資訊


10% rise in non-local firms hailed   20-12-2024

gov_rss

According to the latest annual survey jointly conducted by Invest Hong Kong (InvestHK) and the Census & Stati...


November sees 1.4% inflation  20-12-2024

gov_rss

Overall consumer prices rose 1.4% year-on-year in November, the same increase as in October, the Census & Statistics ...


Sun Dong promotes cybersecurity  19-12-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong today officiated at the Cybersecurity Symposium 2024 an...


Base rate lowered to 4.75%  19-12-2024

gov_rss

The Monetary Authority announced today that it has decreased the base rate to 4.75% with immediate effect.

The decr...