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 . . .
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