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ICYMI - China has further loosened mortgage rates for cities with home price declines

Back in September 2022 the People's Bank of China and China's banking regulator ushered in measures that allow lower mortgage rates for first-home buyers if newly-constructed house prices drop for three consecutive months.

Thursday statement out of China extends the measures, to the effect that:

Cities that have shown m/m & y/y housing price drops for three consecutive months are eligible to maintain, lower or remove minimum interest rates on loans for first-home purchases, a... Read More

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Home

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Forex

Posted: Jan 5 2023, 22:26

Author Name: forexlive

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