The People's Bank of China authorized the National Interbank Funding Center to announce the latest loan market quoted interest rate (LPR) The 1-year LPR remained unchanged at 3.45%, and the 5-year and above LPR was reduced by 25 basis points, from 4.2% to 3.95%. The reduction in LPR over 5 years is the largest drop since the anchor change in 2019, and the mortgage interest rate is further approaching the lowest level in history.

First home loan interest rates in more cities have entered the "3 era"