mortgage loans down 25%
mortgage loans drawn down in February decreased 24.8% month-on-month to $16 billion, the Monetary Authority announced today. mortgage loans approved decreased 12.1% to $26.7 billion. Among these, mortgage loans for primary market transactions dropped 24.2% to $6 billion, and those for secondary market transactions fell 10.9% to $15.9 billion. mortgage loans for refinancing rose 3.7% to $4.8 …