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China to cut home-buyers' minimum down payment, and mortgage rates

China to cut home-buyers' minimum down payment, and mortgage rates
A joint statement from the People's Bank of China and National Administration of Financial Regulation on Thursday China time that homebuyers' minimum down payment will be reduced and banks will be allowed to lower rates on existing mortgages.first-time homebuyers' minimum down payment will be 20%second-time buyers at least 30% mortgage interest rate for first-time buyers should be no less than the level of 20 bps over the loan prime rate (LPR)lowest mortgage interest rate limit for second-time... Read More
Posted: Aug 31 2023, 21:27
Author Name: forexlive
Views: 102864

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