America’s First-Time Homebuyers Now Average Age 40
Median age for first-time homebuyers in the US has climbed to 40 this year amid high prices, rising mortgage rates and tight inventory pushing buyers to team up.
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China’s Leading Banks Introduce Flexible Mortgage Rate Adjustments
Chinese commercial banks are rolling out a new mortgage pricing system, allowing homebuyers to adjust their mortgage rates more frequently — every three or six months, in addition to the existing one-year option — starting Friday.
The Chinese Mainland Introduces New Policies to Stabilize Property Market
The Chinese mainland’s financial authorities announce new policies to stabilize the real estate market, including reduced mortgage rates for first and second homes by October 2024.
China Slashes Mortgage Rates to Energize Housing Market and Boost Economy
China’s central bank cuts mortgage rates to support the housing market, easing repayment pressures and boosting consumer spending.
China Maintains LPR in May, Eyes Potential Mortgage Rate Reductions
China’s Loan Prime Rate remains unchanged in May as the government introduces measures to support the housing market and potentially lower mortgage rates.
Chinese Mainland Lowers Mortgage Rates to Spur Housing Market Growth
The Chinese mainland cuts mortgage loan rates starting May 18 to make homeownership more affordable and boost the housing market.
China Slashes Mortgage Rates More Than Expected, Boosting Real Estate Market
China’s unexpected 25 basis point cut to the five-year loan prime rate boosts mortgage rates, supporting the real estate market and easing borrower costs.