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China’s home mortgage rate rebound after months downtrend


China's home mortgage rate rebounded in June after hitting the lowest level since the start of 2018 in May, as the authorities ramp up property restrictions to prevent housing markets from overheating and also prevent leverage in the household sector from growing too fast.

China's average home mortgage rate for first-time home buyers rose to 5.423 per cent in June from 5.416 per cent in the previous month, according to Rong360, an online financial service . . .

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