Mortgage interest rates depend on supply, demand: SAMA governor

17/09/2018 Argaam

 

The interest rates of mortgage loans depend on supply and demand, and they are not that high, so the Kingdom’s central bank will not intervene, Al Hayat newspaper reported, citing Ahmed Alkholifey, governor of Saudi Arabian Monetary Authority (SAMA).

 

The housing ministry offers many programs that help borrowers in that regard, he said, adding that SAMA encourages mortgage loans and production loans more than consumer loans.

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