Guangzhou mortgage rates have been raised by 10 basis points today, and several banks have already implemented it.

Several banks in Guangzhou have raised the interest rates on housing loans. Reporters learned from some banks and real estate agents that starting from May 17th, the first-home mortgage interest rates in the Guangzhou area have been adjusted from the original LPR-60bp to LPR-50bp, meaning that the interest rates for first-home mortgages with a term of more than five years have increased by 10 basis points, from the original 3.0% to 3.1%. A real estate agent revealed on May 7th that cooperating banks have already uniformly raised the mortgage interest rates by 10 basis points. Starting today, the prices quoted to customers for projects have been calculated based on a 3.1% mortgage interest rate.