China Housing Cut Mortgage Rate 2024 Date

China Housing Cut Mortgage Rate 2024 Date. China implemented the biggest cut on record to a mortgage rate benchmark on tuesday, indicating monetary policymakers' dedication to bolstering economic revival, with additional cuts to a key policy rate likely on the horizon, experts said. Mortgage rates drop to lowest since early february 2023 after fed’s jumbo interest rate cut by bryan mena, cnn 4 minute read updated 12:23 pm edt, thu september 19, 2024

China will cut the loan rates of the individual housing provident fund by 0.25 percentage points, the central bank announced friday. This is the largest single lpr cut ever and indicates the government’s focus on.