Mortgage rates continued to rise in.....>

CHINA PRESS: Mortgage rates continued to rise in May as bank funding costs

increased and policies aimed to control the property market begun to bite,

reported by 21st Century Business Herald on Thursday. The average mortgage rates

for first apartments and second apartments rose to 5.56% and 5.92% respectively,

said Li Weiyi, analyst at Rong360, an internet loan platform. Mortgage rates

showed diverging trends in first-tier cities and second- and third-tier cities,

being relatively stable in first-tier cities while rising in second- and

third-tier cities where the property market becomes hot in areas such as

Huizhou, the report said.