Personal mortgage interest rates drop to "the 20s"? Economic Daily: Rationally view the marketization differences in mortgage interest rates.

Are personal housing loan interest rates down to the 2s? Recently, some borrowers have discovered that their existing mortgage rates have dropped below 3%, which has sparked significant market attention. Discussions have centered on whether mortgage rates will continue to decline and how the supply and demand in the real estate market will change, with a variety of opinions expressed. The recent phenomenon of mortgage rates falling to the 2s is, in the context of market-oriented mortgage rates, a market behavior observed among certain commercial banks in specific regions and should not be over-interpreted. Currently, the level of mortgage rates in China remains stable. According to the latest data released by the People's Bank of China, in June of this year, the interest rate for newly issued personal housing loans was about 3.1%, roughly the same as the same period last year. The reason certain banks focus on a small number of high-credit borrowers to offer low-interest mortgages in the 2sfrom a management perspectiveis primarily aimed at exchanging price for volume, seizing market share, and stabilizing the scale of their asset sides.