Residential mortgage survey results for October 2016
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The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for October 2016 today (November 30).
The number of mortgage applications in October increased month-on-month by 5.8% to 14 323.
Mortgage loans approved in October increased by 6.7% compared with September to HK$34.3 billion. Among these, mortgage loans financing primary market transactions increased by 16.5% to HK$7.7 billion and those financing secondary market transactions increased by 3.9% to HK$18.7 billion. Mortgage loans for refinancing increased by 5% to HK$7.9 billion.
Mortgage loans drawn down during October decreased by 0.6% compared with September to HK$23.1 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 93.6% in September to 94.8% in October. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.5% in September to 2.4% in October.
The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,101.2 billion at end-October.
The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Wednesday, November 30, 2016
Issued at HKT 16:30
Issued at HKT 16:30
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