Residential Mortgage Survey Results for July 2018
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The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for July 2018.
The number of mortgage applications in July decreased month-on-month by 2.5% to 14 217.
Mortgage loans approved in July increased by 9% compared with June to HK$44.3 billion. Among these, mortgage loans financing primary market transactions increased by 41.8% to HK$8 billion and those financing secondary market transactions decreased by 1.1% to HK$23.8 billion. Mortgage loans for refinancing increased by 14.6% to HK$12.5 billion.
Mortgage loans drawn down during July decreased by 10.6% compared with June to HK$30.1 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 89.7% in June to 94.5% in July. The ratio of new mortgage loans priced at fixed rates decreased from 5.2% in June to 0.3% in July.
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,266.9 billion at end-July.
The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Friday, August 31, 2018
Issued at HKT 16:30
Issued at HKT 16:30
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