China's central bank reported a 0.4% year-over-year increase in outstanding renminbi real estate loans at the end of the second quarter of 2025, reaching a balance of 53.33 trillion yuan. Real estate development loans also rose by 0.3% year-over-year to 13.81 trillion yuan. However, individual mortgage loans declined by 0.1% year-over-year during the same period. The national average mortgage rate for new loans in the second quarter stood at 3.09%, according to the People's Bank of China (PBOC). Total renminbi loans extended by financial institutions reached 268.56 trillion yuan by the end of Q2 2025.