BEIJING, Sept. 29 (Xinhua) -- The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market.
The mortgage rates for first homes, second homes and more are required to be reduced no lower than 30 basis points below the loan prime rate (LPR) by Oct. 31, 2024 to ease financial burdens on property owners.
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