The first home loan interest rate enters the "2" era.

Currently, at the national level, the minimum limit for first and second home loan interest rates has been cancelled. The interest rates for first home loans in multiple cities have dropped to a historic low of around 3.0%. According to statistics from the China Real Estate Research Institute, in the first quarter of 2025, the weighted average interest rate for new commercial individual housing loans nationwide was 3.11%, with the average interest rate for first home loans at around 3.06%. The China Real Estate Research Institute pointed out that after this interest rate cut, the interest rate for first home loans is expected to drop to around 2.95%. Specifically, the interest rate for first home loans in first-tier cities is expected to drop to 3.05%, while other cities may see a decrease to around 2.9%. This is also the first time that the interest rate for first home loans in China has entered the "2" range. The aforementioned organization stated that based on a calculation of a 1 million yuan first home loan with a term of 30 years, after this adjustment, homebuyers can save about 56 yuan per month, totaling 20,162 yuan in interest savings over 30 years. Therefore, this adjustment will reduce the cost of homebuying and help further stimulate housing demand.