Mortgage Loans Hit 2.2 Trillion Yuan
(Beijing) - In 2009, a total of 2.2 trillion yuan in mortgage loans were issued to buyers for the purchase of 7.07 million homes, according to a report issued by China's central bank.
Ninety-three percent of home buyers enjoyed a discount in interest rates. About 81 percent had a discount ranging from 25 to 30 percent, said the People's Bank of China.
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