Category: Mortgages
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China tells banks to start cutting rates on existing mortgages By Reuters
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BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
•
The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
•
The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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China reportedly to cut interest rates on $5 trillion mortgages as soon as this month
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This is mainly aimed at further lowering borrowing costs and trying to boost consumption activity. China’s domestic demand conditions have suffered greatly since the outbreak of the Covid-19 pandemic and there has been no significant recovery in this area despite the world returning to normal. The report says some banks…