Mortgage rate for first-time home buyers in 100 major Chinese cities hit new low since 2019 – research

The average mortgage rate for new home buyers in China's 100 major cities hit 4.04% in February, falling by 6 basis points from the previous month, marking the lowest level since 2019 and the first drop after staying steady for four straight month, according to Beike Research Institute.

The average mortgage rate for a first-time buyer in 103 mainland Chinese cities fell to 4.04 per cent in February, the lowest level since 2019, according to the Beike Research Institute.

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