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December 2016 The mortgage market closes smoothly The first house rate is 4.45%
The average interest rate for the first suite in the country in December was 4.45%, which was the same as last month. The tightening of the country’s mortgage policy resulted in a 30% increase in down payment for the first suite, with 30% of the down payment for the first suite accounting for the mainstream, and a ratio of 58.72% for the bank with 30% down payment.
National First Suite Loan Policy
      The average mortgage rate of the first suite in the country was 4.45%, which was the same as that of the previous month; it was down by 0.18 percentage points from 4.63% in December last year. Xi Jinping made an important speech: "The house is used to live, not used to fry."
Changes in mortgage rates in major cities across the country
      Beijing: The average interest rate for the first suite is 4.21%; Shanghai: The average interest rate for the first suite is 4.41%; Guangzhou: The average interest rate for the first suite is 4.22%; Shenzhen: The average interest rate for the first suite is 4.43%.
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          The government has specified the development direction of the property market, giving a clear direction for the stable development of the property market in the future, and it is of great significance for realizing a healthy and stable development of the real estate market. The supervision of the real estate market will be more stringent in the future. At this stage, the government’s main task is to control land prices through urban policies, establish effective mechanisms to curb investment demand, and solve rigid demand.
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