China cut mortgage rates and down payment levels for some home buyers on 30th September for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market. Second-home buyers can now get a 30 percent discount on their mortgage rates, an offer previously limited only to first-home buyers, the central bank and the banking regulator said. Down payment levels were also cut to 30 percent from 60-70 percent. Read more: buyerfromchina/article/newsshow.php?cid=4&id=32
Posted on: Mon, 13 Oct 2014 09:00:44 +0000
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