Residential mortgage survey results for November 2017
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The Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2017 today (December 29).
The number of mortgage applications in November increased month-on-month by 8.7% to 12 265.
Mortgage loans approved in November increased by 23.1% compared with October to HK$35.8 billion. Among these, mortgage loans financing primary market transactions increased by 16.2% to HK$7.0 billion and those financing secondary market transactions increased by 29.4% to HK$18.7 billion. Mortgage loans for refinancing increased by 17.4% to HK$10.1 billion.
Mortgage loans drawn down during November increased by 22% compared with October to HK$26.4 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.1% in October to 92.4% in November. The ratio of new mortgage loans priced with reference to best lending rates remained unchanged at 2.2% in November.
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,199.0 billion at end-November.
The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Friday, December 29, 2017
Issued at HKT 16:30
Issued at HKT 16:30
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