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China’s home mortgage rates rise for first time in 13 months after authorities imposed caps on banks’ real estate loans

Last updated on February 23, 2021

China's home mortgage rates rose for the first time in 13 months in February after authorities imposed caps on banks' lending to the real estate sector as the housing markets heat up.

The average home mortgage rates for first-time home buyers increased to 5.26 per cent in February (January 21 - February 18), up 4 basis points from the previous month, according to a report released by the online financial service platform Rong360 based on . . .

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