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Tag: mortgages

China\’s big lenders to lower rates on existing first-home loans

wangxiao09/07/20230

BEIJING, Sept. 7 (Xinhua) — China\’s four state-owned commercial banks announced Thursday that they will cut interest rates on existing mortgages for first-home loans.
The adjusted interest rates will

Consumer debt climbs as U.S. credit card balances surpass 1 tln USD: The Hill

wangxiao08/09/20230

NEW YORK, Aug. 8 (Xinhua) — U.S. consumer debt grew 17.9 billion U.S. dollars from May to June, as a credit crunch brought on by Federal Reserve rate hikes drove a sharp gain in the amount of outstan

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