Posted inBeijing, Chengdu, China, Guangzhou, Shanghai

Beijing banks raise mortgage rates

Several banks in Beijing have adjusted the mortgage rate for first-time home buyers by 15% above the benchmark mortgage rate, while major state-owned banks in Guangzhou raised the rate by 5 percentage points, Sina Finance reported. Also, mortgage rates for a second home increased by 15% above the benchmark rate in Guangzhou. The Shanghai Municipal […]

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