China lowers mortgage rate floor for first-time home buyers to support sluggish housing market

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China's financial regulators have cut the lower-bound range of mortgage interest rates for first-time homebuyers amid persistent weakness in the housing market.

China cut the lower limit of home mortgage rates which are based on the corresponding tenor of the benchmark Loan Prime Rate (LPR) by 20 basis points for first-time home buyers, in a bid to support housing demand and promote healthy development of the real estate market, the People . . .

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