Refinancing option likely

Under the plan, homeowners would be able to renegotiate terms with their current lenders before January, when banks typically reprice mortgages. — Bloomberg

CHINA is considering allowing homeowners to refinance as much as US$5.4 trillion in mortgages to lower borrowing costs for millions of families and boost consumption.

Under the plan, homeowners would be able to renegotiate terms with their current lenders before January, when banks typically reprice mortgages, people familiar with the matter said, asking not to be identified discussing private information.