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Mortgage interest rates in China have...>

CHINA PRESS
CHINA PRESS: Mortgage interest rates in China have fallen for the sixth month
and rates in second-tier cities declined faster than those in the first-tier,
The Paper reported. The average lending interest rate for first homes was 5.28%
in June nationwide, down 4 bps from May, while that for second homes fell 3 bps
to 5.6%, the newspaper said citing the Rong 360 Big Data Institute. This is
mainly due to the 10 bps cut to the 5-year LPR in April, the newspaper said
citing Li Wanbin, analyst at Rong 360. Li said that one LPR cut would generally
lead to reductions in mortgage rates for two consecutive months. 

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