The first home loan interest rate in Guangzhou is raised by 10 basis points against the trend, with uncertainty still existing.

LPR trend is downward, but housing loan interest rates will be raised against the trend? Recently, there were market rumors that the first home loan interest rate in Guangzhou was raised by 10 basis points, and the latest effective rate was 3.1%. After verifying from multiple sources, it was found that there is still uncertainty. Some mortgage intermediaries said that indeed the first home loan interest rate was raised by 10 basis points starting from May 17, changing from LPR-60 basis points to LPR-50 basis points. "We also find it strange," said the intermediary, adding that if LPR was reduced by 10 basis points on May 20, the first home loan interest rate in Guangzhou could still be reduced to 3%. However, if not reduced, it would mean that the housing loan interest rate would be changed to 3.1%. Some loan intermediaries also said that there is still uncertainty. "We have not received confirmed information yet, this news was shared on Friday night, we also asked the people from the banks, they said they have not received official notice, we may only know on Monday," another loan intermediary told Yicai.