Currently, most cities have abolished the lower interest rate limit for housing loans, but it remains above 3%. Banks in Guangzhou previously lowered housing loans to less than 3%, and then they all repaid 3%. However, according to the Guangzhou branch of HSBC, the interest rate on housing loans can be as low as 2.7%. “Interest rates on bank personal housing loans will generally not drop in the future. 3% is basically the bottom line. It can only be said that 2.7% can only be given to some specific customers.” Yan Yuejin, deputy director of the Shanghai Yiju Real Estate Research Institute, told reporters that this kind of minimum interest rate threshold is very high, and not everyone can enjoy it; it is more like a “price war” for a specific group of people.

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