Caixin
Jan 07, 2019 07:46 PM
ECONOMY

Bank Sees Lower Mortgage Rates in Sign China Easing Up on Real Estate

* Bank report said there are signs that mortgage interest rates have “peaked” and are “about to correct”

* Central bank’s planned cuts in reserve requirement ratio will be watched to see if this causes mortgage rates to fall in more cities

(Beijing) — Banks may lower mortgage rates in more cities this year and accelerate new lending to homebuyers to encourage purchasing, which should also replenish developers’ cash, to support the sagging property market, a top bank said in a report.

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