Top 10 cities with highest mortgage rate

Top 10 cities with highest mortgage rate

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ATAHK reads from China Daily that In China, most people need bank loans to buy an apartment. Due to economic disparity, banks have different mortgage rates in different regions in China 2015-01-21 07:06.

With the central bank cutting the benchmark interest rate in November this year, the rate has fallen in several cities. However, it is still more than 10 percent higher than the benchmark interest rate in some cities.

Zhengzhou, capital city of Central China's Henan province, with the average mortgage rate at 7.68 percent ranks at the top on the list.

No 10 Urumqi
Average mortgage rate: 6.85 percent
No 9 Foshan
verage mortgage rate: 6.89 percent
ANo 8 Changsha
Average mortgage rate: 6.92 percent
No 7 Changchun
verage mortgage rate: 6.93 percent
No 6 Shijiazhuang
Average mortgage rate: 7.01 percent
No 5 Zhuhai
Average mortgage rate: 7.01 percent
No 4 Chengdu
Average mortgage rate: 7.06 percent
No 3 Chongqing
Average mortgage rate: 7.12 percent
No 2 Dongguan
Average mortgage rate: 7.16 percent
No 1 Zhengzhou
Average mortgage rate: 7.68 percent

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