【Over 40 cities cancel the lower limit of first-home loan interest rates】According to incomplete statistics, as of now, more than 40 cities nationwide have phased out the lower limit of first-home loan interest rates. Regarding the future trend of mortgage rates, Chen Wenjing, the market research director of the China Real Estate Research Institute, said that in the short term, China's 5-year LPR still has room for further reductions, and the expectation of interest rate cuts is still there for this year. At the same time, prices of new homes in some cities are still fluctuating and adjusting. Overall, lowering mortgage rates is one of the important measures to promote the release of housing demand at present, and it is expected that more cities will follow suit in the future.
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