Residential Mortgage Survey Results for June 2017
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The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2017.
The number of mortgage applications in June decreased month-on-month by 1.2% to 14,654.
Mortgage loans approved in June increased by 5.6% compared with May to HK$44.0 billion. Among these, mortgage loans financing primary market transactions increased by 19.2% to HK$10.2 billion and those financing secondary market transactions decreased by 10.4% to HK$19.5 billion. Mortgage loans for refinancing increased by 26.1% to HK$14.3 billion.
Mortgage loans drawn down during June increased by 13.4% compared with May to HK$32 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 95.2% in May to 95.9% in June. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.7% in May to 1.6% in June.
The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,160.9 billion at end-June.
The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Monday, July 31, 2017
Issued at HKT 17:05
Issued at HKT 17:05
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