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2. China makes biggest-ever cut to key mortgage rate to bolster ...

   www.aol.com/china-makes-biggest-ever-cut...

   The People’s Bank of China (PBOC) announced Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2% to 3.95%, while keeping the one-year LPR unchanged at 3.45%.

3. Chinese property sector crisis (2020–present) - Wikipedia

   en.wikipedia.org/wiki/Chinese_property_sector...

   In early January 2023, the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission allowed areas with declining housing prices for three months to lower or remove mortgage rate floors for first-time buyers. By mid-February 2023, over 30 cities had reduced mortgage rates to their lowest in over a decade, with ...

4. Chinese mortgage boycott - Wikipedia

   en.wikipedia.org/wiki/Chinese_Mortgage_Boycott

   One of the key reasons for the Chinese mortgage boycott is a result of the previous high demand for housing. The rise of the middle-class in China since the early 2000s precipitated a substantial investment in property, with many channelling savings into real estate as given the widely-held perception of Chinese property as one of the most stable forms of investment, with house prices ...

5. China’s rate cuts may actually worsen the economy - AOL

   www.aol.com/finance/china-rate-cuts-may-actually...

   The central bank has cut various lending rates, lowered cash reserve requirements at banks, and offered more liquidity for the stock market. Officials have also signaled relief on local government ...

6. Financial market impact of the COVID-19 pandemic - Wikipedia

   en.wikipedia.org/wiki/Financial_market_impact_of...

   Interest rates in China fell to a 14-year low due to government efforts. [81] On 30 March, Moody's downgraded the outlook on U.S. corporate debt from 'stable' to 'negative,' focusing in particular on the global air travel, lodging and cruise ships, automobiles, oil and gas, and the banking sectors. [82]

7. Housing Market Continues To Slow As Mortgage Applications ...

   www.aol.com/finance/housing-market-continues...

   Mortgage applications declined 5.2% for the week ending May 31, with adjustments accounting for the Memorial Day holiday, signaling a continued cooling in the housing market.Amid a backdrop of ...