Reducing the burden stabilizes the real estate market, and the interest rates for existing housing loans are gradually being adjusted in batches.

From October 25th, the majority of existing home loan interest rates will be adjusted in bulk. Borrowers can check the results of the rate adjustment through the designated channels of the loan bank. The adjustment for some small and medium-sized banks may be slightly delayed, but overall it is expected to be completed by October 31st. In this round, the markup of existing home loan interest rates that meet the conditions on the basis of the loan market quoted interest rate will be adjusted to a decrease of "30 basis points", with the average existing home loan interest rate expected to decrease by around 0.5 percentage points. Overall, this will save borrowers 150 billion yuan in interest expenses, benefiting 50 million households and 150 million people. Experts analyze that the implementation of the policy to reduce existing home loan interest rates will have a series of positive impacts on the macro economy.