Since February, the mortgage interest rates of major banks in Nanjing have generally been lowered, averaging around 5.9%, and very few banks can be as low as 5.6%! The decline of mortgage interest rate is inseparable from the improvement of market atmosphere and the relaxation of credit environment. On October 20th, 65438/kloc-0, Yangmaguan announced the latest loan market quotation (LPR), and the LPR over five years was adjusted to 4.6%. This rate cut is the first time in nearly two years.

In fact, not only Nanjing, but also loan interest rates all over the country are showing signs of loosening. This is good news for homebuyers who borrow money to buy a house. The pressure of monthly payment is reduced, and more funds can be used to take care of family members and their own lives.