People’s Bank of China dep. governor:
On existing mortgage rate cuts
most stock of existing mortgage
loans interest rates will be adjusted October 25Accounts for 90% of
existing mortgages
On lowering minimum down payment ratios:
Have observed market
confidence and sales as a result
On real estate development
loans:
Will be extended
until end of 2026
Over the weekend banks in China confirmed mortgage rate cuts:
Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25
This article was written by Eamonn Sheridan at www.forexlive.com.
