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In December 2016, the mortgage market steadily closed the first suite interest rate 4.45%
The average rate of the first nationwide suite in December was 4.45%, unchanged from the previous month. The national mortgage policy tightening led to an increase of 30% of the down payment in the first suite, 30% of the down payment in the first suite and 58.72% in the down payment of 30%.
National first home loan policy
      The average first-home mortgage rate in the country was 4.45%, unchanged from the previous month; 0.18 percentage points down from 4.63% in December last year. Xi Jinping made an important speech: "The house is used to live, not used to speculation."
Changes in mortgage rates in major cities throughout the country
      Beijing: The first suite average interest rate of 4.21%; Shanghai: the first suite average interest rate of 4.41%; Guangzhou: the first suite average interest rate of 4.22%; Shenzhen: First Suite average interest rate of 4.43%.
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          The government has made it clear that the direction of development of the property market will give a clear direction for the steady development of the property market in the future and is of great significance for the healthy and stable development of the real estate market. The regulation of the real estate market will become even more stringent in the future. The main task of the government at this stage is to solve the rigid demand because of policies and measures taken by the city, controlling land prices and establishing an effective mechanism to contain the investment demand.
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