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 . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In