Press "Enter" to skip to content

China’s mortgage rate drops for the first time in 23 months

China’s average mortgage rate for first-time home purchases declined 0.53 per cent in December from the previous month to 5.68 per cent, falling for the first time in 23 months, according to Rong360, a provider of information about financing and loan products.

That comes after the average mortgage rate remained unchanged in November month-on-month, ending a 22-month climbing streak.

According to the data, 17 cities of the 35 cities tracked by the Rong360 saw average mortgage rates for first-time home buyers decline in December, including the four first-tier cities and most . . .

To continue reading, please subscribe:


We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!

What you'll get:

  • In-depth & data-driven reporting on China's economy and financial markets
  • Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter! 
  • Exclusive interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?


Already have an account? Sign In