May 17, 2022 09:54 PM (GMT+8) · EqualOcean
On May 17, the financial Associated Press learned from the real estate intermediary offices in Tianjin and Jinan that the first mortgage interest rate of some banks in the two places fell to a minimum of 4.4%, compared with 4.9% in Tianjin and 4.6% in Jinan. On May 15, the central bank and the China Banking and Insurance Regulatory Commission issued a notice to reduce the lower limit of the first mortgage interest rate to no less than the market quoted interest rate (LPR) of the corresponding term loan by 20 basis points (the lowest can be 4.4% based on the LPR in April).