Residential mortgage survey results for October 2017
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The Hong Kong Monetary Authority announced the results of the residential mortgage survey for October 2017 today (November 30).
The number of mortgage applications in October decreased month-on-month by 0.8 per cent to 11 280.
Mortgage loans approved in October decreased by 1.6 per cent compared with September to HK$29.1 billion. Among these, mortgage loans financing primary market transactions decreased by 4.5 per cent to HK$6.0 billion and those financing secondary market transactions increased by 3.6 per cent to HK$14.4 billion. Mortgage loans for refinancing decreased by 7.4 per cent to HK$8.6 billion.
Mortgage loans drawn down during October decreased by 22 per cent compared with September to HK$21.6 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.4 per cent in September to 93.1 per cent in October. The ratio of new mortgage loans priced with reference to best lending rates remained unchanged at 2.2 per cent in October.
The outstanding value of mortgage loans increased month-on-month by 0.3 per cent to HK$1,190.2 billion at end-October.
The mortgage delinquency ratio remained unchanged at 0.02 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
Ends/Thursday, November 30, 2017
Issued at HKT 17:30
Issued at HKT 17:30
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