August 30th, Geelong Hui | KE Holdings (BEKE.US) rose nearly 5% to $15.14 in midday trading. Bloomberg cited sources as saying that China is considering further lowering the mortgage rates for existing homes, allowing the refinancing of existing home loans of up to 38 trillion yuan to reduce household debt burden and boost consumer spending. The sources stated that under the proposed plan, existing mortgage customers can renegotiate mortgage rates with banks without having to wait until January (the usual time for rate adjustments). Additionally, they can transfer their existing mortgage loans directly to other banks and sign new contracts at the latest rates, marking the first time China has allowed this operation known as "mortgage transfer" since the global financial crisis.