Some banks in Shanghai have started to lower their mortgage rates, with first-home rates dropping to 3.4% and second-home rates to as low as 3.6%. "The latest mortgage rates are now being implemented, with first-home rates at 3.4%, and for second-homes, rates in the urban areas are 3.8%, while rates in the Free Trade Zone, Lingang New Area, Jiading, Qingpu, Songjiang, Fengxian, Baoshan, and Jinshan areas are 3.6%."
上海地区部分银行火速下调 首套房贷利率降至3.4%
Some banks in Shanghai have quickly lowered their first-home mortgage interest rates to 3.4%.
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