China just made a major move to energize its housing market! The over-five-year loan prime rate (LPR), a key benchmark for mortgage rates, dropped to 3.95% on Tuesday—down sharply from 4.2%. This marks the biggest cut since 2020 and could mean cheaper home loans for millions.
While the one-year LPR held steady at 3.45%, analysts say the five-year adjustment targets property buyers directly, signaling efforts to revive consumer spending and stabilize the economy. The National Interbank Funding Center confirmed the change, which follows recent measures like relaxed home-buying rules in major cities.
Young professionals and first-time buyers are cheering the news. \"This could save me thousands over my loan term,\" said one Shanghai resident eyeing a new apartment. For investors, it’s a clear nudge from policymakers: China’s doubling down on growth.
NewspaperAmigo – Your Global News Buddy 
The over-five-year loan prime rate (LPR), a key benchmark for mortgage rates, dropped to 3.95% on Tuesday—down sharply from 4.2%. This marks the biggest cut since 2020 and could mean cheaper home loans for millions. 
The National Interbank Funding Center confirmed the change, which follows recent measures like relaxed home-buying rules in major cities.
For investors, it’s a clear nudge from policymakers: China’s doubling down on growth. 
: What It Means for…
