First-home loan interest rates are close to historical lows, and "Indian Summer" may be coming. First-tier cities such as Beijing, Shanghai, and Shenzhen have successively relaxed property market policies to pave the way for the arrival of Indian Summer.

The first interest rate cut in 2018 was the largest single reduction in LPR over 5 years in history. The current lower interest rates for first-time and second-home mortgages have been reduced to 3.75% and 4.15% respectively, further approaching the historical low point.