For example, the mortgage rates of banks in Shenzhen were previously maintained at 4.1% for the first home and 4.5% for the second home. With this LPR cut, it means that Shenzhen's mortgage rates will be lowered to a minimum of 3.85% for the first home and 4.25% for the second home....
Cut in first-home buyer mortgage rate CHINA’S financial watchdogs announced yesterday that housing credit policies will be adjusted and optimized. The interest rates of existing mortgages for first-home purchases will be lowered, according to a joint statement by the People’s Bank of China and ...
For example, the mortgage rates of banks in Shenzhen were previously maintained at 4.1% for the first home and 4.5% for the second home. With this LPR cut, it means that Shenzhen's mortgage rates will be lowered to a minimum of 3.85% for the first home and 4.25% for the second home....
BEIJING, February 20 (TMTPOST)—The first-home mortgage rate in Hangzhou is expected to be cut to 3.75%, once again reaching a historic low. The difference with the interest rate for first-home provident fund loans during the same period (3.1%) will also narrow to 0.65 percentage points. ...
In its Third-Quarter Monetary Policy Report, the bank said it encouraged more cities to lower or abolish the mortgage rate floor for first-time home buyers since the start of the year. As of the end of September, the rate moderation has affected more than 22 trillion yuan (about 3.1 trill...
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