Mortgage loans down 3.9%

The number of mortgage applications in August stood at 10,907, a month-on-month rise of 14.8%.Mortgage loans financing primary market transactions dropped 6.7% to $6.9 billion, while those financing s…

China allows some cities to lower first home mortgage rates

Eligible cities will be able to maintain, lower or remove the minimum interest rates set for loans that go towards primary-home purchases in their jurisdiction, according to a statement from the centr…