Good news for home buyers! Record reduction, you can save more than 50,000 yuan in mortgage interest. Since LPR reform in August 2019, the LPR over 5 years has been lowered a total of 8 times, and this time is the largest reduction of this indicator in the past 5 years.
Record-breaking reduction in LPR sends strong signal to stabilize the property market and prevent risks, says research director of China Index Research Institute. In some cities, mortgage interest rates have dropped to historical lows, and only in some areas this rate is higher than 4%.