Below are the results of the latest survey on mortgage rates:

rates

· Banks with rate movements (in red font)
1. Rate increases ranging from 25 bps to 50 bps across all tenors for BPI-FB and selected rates for HSBC
2. Drop in selected rates for Metrobank, PSBank, RCBC Savings
· Regulatory updates (source: Business World)
1. BSP is looking to issue mortgage rules
BSP aims to tighten its oversight of credit feeding a booming real estate industry. BSP in particular would like to ensure the underwriting standards are reflected in the quality of loans generated.
The rules on mortgage loans that will be issued is said to complement BSP’s move to set guidelines for CTS financing schemes which they issued last November 2012.
2. BSP to come up with official real property index
As part of its plan to actively monitor and detect the formation of an asset bubble, the BSP is currently working with NCSO on the development of a real estate price index which it targets to debut within the year.

For those interested to know more about Ayala Land Premier villages and condo, feel free to contact me anytime.

Thank You!

Your Ayala Land Guide,

COCO MIDEL
M: +63.917.502.9252
T: (02)577.27.12
E1: coco.ayala@gmail.com
E2: midel.jerico@ayalaland.com.ph