Mortgage Loans Up 43%
Residential mortgage loans approved in March increased 43% compared with the previous month to $37.3 billion, the Monetary Authority announced today.
Mortgage loans financing primary market transactions increased 16.6% to $7.9 billion while those financing secondary market transactions climbed 57.5% to $18.8 billion.
Those for refinancing increased 43.8% to $10.6 billion.
Mortgage loans drawn down during the month increased 20.7% to $19.9 billion.
The number of mortgage applications in March rose 55% month-on-month to 15,703.
The outstanding value of mortgage loans increased 0.3% month-on-month to $1.33 trillion at the end of March.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more