According to the official micro news of Beike Research Institute on August 21, monitoring data shows that in August 2023, mainstream mortgage interest rates for the first set of housing in 100 cities averaged 3.90%, and mainstream mortgage interest rates for the second set of housing was 4.81%, which were the same as last month. In August, the mainstream mortgage rates of first and second housing fell by 42BP and 25BP respectively YoY. The average lending cycle of banks in August was 21 days, one day shorter than July and the fastest lending pace since 2019. After August 15, some cities adjusted mortgage interest rates and the interest rate is expected to decline in September.
Beike Research Institute: Average mainstream mortgage interest rate of the first housing in 100 cities was 3.90%, the same as last month
- Aug 21, 2023, at 6:24 pm
According to the official micro news of Beike Research Institute on August 21, monitoring data shows that in August 2023, mainstream mortgage interest rates for the first set of housing in 100 cities averaged 3.90%, and mainstream mortgage interest rates for the second set of housing was 4.81%, which were the same as last month.
