According to the China Securities News, a number of banks and intermediaries in four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen have learned that the mortgage interest rates of banks in first-tier cities have been cut by 15 BP. At present, the price of LPR for more than five years has dropped from 4.6% to 4.45%, a drop of 15 basis points, according to the heads of the housing loan departments of Industrial and Commercial Bank of China branches in Beijing, Guangzhou and Shenzhen. On this basis, the floating situation is different from place to place.