Recently, news broke out in some cities that mortgage interest rates had fallen below 3% and entered the “beginning of 2.” Today, I learned from banks, real estate agents, and other sources that mortgage interest rates below 3% are only exclusive discounts offered by a few foreign banks in some regions. Currently, mainstream mortgage interest rates in the country are still stable in the 3.0% to 3.1% range. Dong Ximiao, chief economist of CMB, analyzed that this low interest rate mainly targets specific cooperation channels and requires strict qualification approval. Most ordinary buyers can still apply for a mainstream market interest rate of around 3%. Therefore, mortgage interest rates of around 2.7% are a “special case” of competition, reflecting the flexible operating advantages of foreign banks, rather than a sign of a general decline in mortgage interest rates.

Recently, news broke out in some cities that mortgage interest rates had fallen below 3% and entered the “beginning of 2.” Today, I learned from banks, real estate agents, and other sources that mortgage interest rates below 3% are only exclusive discounts offered by a few foreign banks in some regions. Currently, mainstream mortgage interest rates in the country are still stable in the 3.0% to 3.1% range. Dong Ximiao, chief economist of CMB, analyzed that this low interest rate mainly targets specific cooperation channels and requires strict qualification approval. Most ordinary buyers can still apply for a mainstream market interest rate of around 3%. Therefore, mortgage interest rates of around 2.7% are a “special case” of competition, reflecting the flexible operating advantages of foreign banks, rather than a sign of a general decline in mortgage interest rates.