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The PBOC's move to base personal........>

CHINA PRESS
CHINA PRESS: The PBOC's move to base personal mortgage interest rates on the
newly released loan prime rate (LPR) is expected to push mortgage interest rates
higher, Securities Daily reports. Citing analysts, the Daily said higher rates
were also more likely to impact second home purchases and be applied in housing
market hotspots. The central bank has set the lower limit of mortgage loan rates
with the rate for a first home no lower than the LPR of a corresponding tenor,
and the rate for a second home no less than 60 bps above the LPR, the newspaper
said. 

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