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China Construction Bank raises mortgage rates

Posted on 17 October 2011

The Beijing branches of China Construction Bank Corp., the country’s largest mortgage lender by assets, have raised the mortgage rates for first-time home buyers, the state-run Xinhua news agency reported Sunday, citing an unidentified official at the bank.
The report didn’t provide details on the rate. Many banks in China’s major cities stopped offering discounts on mortgage loans for first-time home buyers early this year, as lending curbs imposed by the authorities have limited the amount of loans banks can extend……………………………………….Full Article: Source


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