New housing provident fund policy implemented, purchasing cost reduced, how will it affect the real estate market?

According to the announcement of the People's Bank of China, starting from the 8th, the personal housing provident fund loan interest rate has officially been lowered by 0.25 percentage points. In addition, the open market 7-day reverse repurchase operation rate has also been lowered by 0.1 percentage points, which is expected to drive down the loan market quoted interest rates by 0.1 percentage points. What impact will this have on the real estate market? In a commercial housing project in Daxing District, Beijing, a property consultant is calculating the changes in monthly mortgage payments for Mr. Fu after the interest rate cut. Mr. Fu had previously seen an improvement housing unit of around 110 square meters, with a total price of about 6.41 million yuan, and calculated that he would need a loan of about 5.13 million yuan based on a 20% down payment.