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China’s October Mortgage Rates Decline for First Time This Year
Published on: 2021-10-22
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The average mortgage rate in China’s major cities declined in October as regulators vowed to maintain healthy development of the real estate market.

The average mortgage rate in 90 major cities for first-home purchases was 5.73% in October, and the rate for second-home purchases was 5.99%, both 1 basis point down from last month, and the first monthly drop this year, according to Beike Research Institute. A basis point is a hundredth of a percentage point.

10月90城首套房贷利率5.73% 年内首次环比下降



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