Shanghai Branches of Big 4 Banks Cut Mortgage Rates

According to the latest news, the big 4 banks' Shanghai branches have cut rates 5% below prime.


Other banks in other cities are likely to discount as well: Chinese Banks Seen Discounting Mortgage Rates, Survey Shows
Banks will resume preferential mortgage rates, according to 74 percent of analysts and economists in a survey conducted from July 14 to July 17. Fifty-six percent forecast banks will lower minimum down payments, while 59 percent said they expected the central bank to ease its mortgage restrictions. A total of 29 economists and analysts responded to the survey.

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