The post Hong Kong Mortgage Applications Drop, Loans Approved Surge in September 2025 appeared on BitcoinEthereumNews.com. Joerg Hiller Nov 01, 2025 09:08 Hong Kong Monetary Authority reports a 1.1% decrease in mortgage applications for September 2025, while approved loans rise by 9.4% to HK$31.4 billion. Mortgage Applications Decline The Hong Kong Monetary Authority (HKMA) has released its residential mortgage survey for September 2025, revealing a slight decrease in the number of mortgage applications. According to the HKMA, applications fell by 1.1% compared to the previous month, totaling 8,316 applications. Increase in Mortgage Loans Approved Despite the decrease in applications, the survey showed a significant rise in the value of mortgage loans approved. September saw an increase of 9.4% from August, reaching HK$31.4 billion. This growth was driven by a notable rise in loans for primary market transactions, which surged by 17.5% to HK$12.6 billion, and a 6.1% increase in loans for secondary market transactions, amounting to HK$15.5 billion. However, loans for refinancing experienced a decline of 2.4%, down to HK$3.2 billion. Drawn Down Loans and Interest Rate Trends The data also highlighted an uptick in mortgage loans drawn down during September, which increased by 9.7% to HK$20.9 billion. In terms of interest rate trends, the proportion of new mortgage loans priced with reference to the Hong Kong Interbank Offered Rate (HIBOR) decreased from 94.4% in August to 92.6% in September. Conversely, the proportion of loans priced according to the best lending rates rose slightly from 1.3% to 1.5% over the same period. Overall Mortgage Loan Value and Delinquency Rates The outstanding value of mortgage loans at the end of September saw a minor increase of 0.2%, reaching HK$1,891.4 billion. Meanwhile, the mortgage delinquency ratio remained low at 0.13%, and the rescheduled loan ratio stayed nearly unchanged at 0%. For further details, the full report can be accessed through… The post Hong Kong Mortgage Applications Drop, Loans Approved Surge in September 2025 appeared on BitcoinEthereumNews.com. Joerg Hiller Nov 01, 2025 09:08 Hong Kong Monetary Authority reports a 1.1% decrease in mortgage applications for September 2025, while approved loans rise by 9.4% to HK$31.4 billion. Mortgage Applications Decline The Hong Kong Monetary Authority (HKMA) has released its residential mortgage survey for September 2025, revealing a slight decrease in the number of mortgage applications. According to the HKMA, applications fell by 1.1% compared to the previous month, totaling 8,316 applications. Increase in Mortgage Loans Approved Despite the decrease in applications, the survey showed a significant rise in the value of mortgage loans approved. September saw an increase of 9.4% from August, reaching HK$31.4 billion. This growth was driven by a notable rise in loans for primary market transactions, which surged by 17.5% to HK$12.6 billion, and a 6.1% increase in loans for secondary market transactions, amounting to HK$15.5 billion. However, loans for refinancing experienced a decline of 2.4%, down to HK$3.2 billion. Drawn Down Loans and Interest Rate Trends The data also highlighted an uptick in mortgage loans drawn down during September, which increased by 9.7% to HK$20.9 billion. In terms of interest rate trends, the proportion of new mortgage loans priced with reference to the Hong Kong Interbank Offered Rate (HIBOR) decreased from 94.4% in August to 92.6% in September. Conversely, the proportion of loans priced according to the best lending rates rose slightly from 1.3% to 1.5% over the same period. Overall Mortgage Loan Value and Delinquency Rates The outstanding value of mortgage loans at the end of September saw a minor increase of 0.2%, reaching HK$1,891.4 billion. Meanwhile, the mortgage delinquency ratio remained low at 0.13%, and the rescheduled loan ratio stayed nearly unchanged at 0%. For further details, the full report can be accessed through…