The 25-basis-point cut to over-five-year loan prime rate to 3.95 percent on Tuesday is good news for mortgages, and will help commercial banks to lower interest rates on first-home loans and guide mor
Tag: homebuyers
China signals fresh policy support to buoy property sector recovery
BEIJING, Aug. 1 (Xinhua) — China\’s property sector is expected to revive on incremental policy support as the government reiterates the sector\’s important role in driving a broader economic recovery.