Several banks in Peking have started to lower their housing loan interest rates, with first-home mortgage rates falling to 3.4% and second-home mortgage rates dropping to as low as 3.6%. "Yesterday LPR was lowered, and housing loan interest rates followed suit," said a customer manager from cm bank in the Peking area. Currently, the first-home mortgage rate has fallen to 3.4%, and the second-home mortgage rate depends on whether it is located within or outside of the fifth ring road of Peking. "After this LPR cut, the first-home mortgage rate can be as low as 3.4%; if it is a second home, and the customer purchases a residence within the fifth ring road, the housing loan interest rate can be lowered to 3.8%. If you buy a residence outside of the fifth ring road, the housing loan interest rate can be lowered to 3.6%."
北京多家银行火速下调房贷利率北京首套房贷利率降至3.4%
Several banks in Peking have quickly lowered their mortgage rates. The interest rate for Peking's first home mortgage has dropped to 3.4%.
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