On September 29th, the People's Bank of China and the China Banking Regulatory Commission issued a notice, deciding to adjust the differentiated housing credit policy in stages. Eligible city governments can independently decide to maintain, reduce or cancel the lower limit of the first set of local new housing loan interest rates before the end of 2022. At present, the lower limit of the first home loan interest rate is 4. 1%, which is 0.8% lower than the original lower limit of the first home loan interest rate of 4.9%.