With the latest reduction in 5-year LPR interest rates, relevant media have learned that banks in Beijing, Shanghai, Shenzhen and other places officially cut mortgage interest rates by 5 basis points today.

Among them, the first home loan interest rate of banks in Beijing is generally reduced to 5.15%, and the second home loan rate is generally reduced to 5.65%; the first home loan interest rate of banks in Shanghai area is generally reduced to 4.95%, and the second home loan rate is reduced to 5.65%; the lowest interest rate of first home in Shenzhen area is reduced to 4.9%, and the lowest interest rate of second home is reduced to 5.2%.