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🔶 #JOLTS → #PCE → #非农 → #CPI → #FOMC
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ABitConfused
a day ago
First Review
Starting October 1, China will provide loan interest subsidies for residents purchasing homes
Jin10 Data, September 29 — The Ministry of Finance said that starting October 1, China will provide interest subsidies for residents using newly issued commercial personal housing loans to purchase homes, in order to reduce homebuying costs and better support and unleash rigid housing demand among urban and rural residents. The subsidy policy focuses on first-home purchases driven by essential needs, primarily supporting ordinary households purchasing newly built small- and medium-sized homes at relatively lower prices. The housing purchased by a single household must have a floor area of no more than 120 square meters and a purchase price of no more than 1.5 million yuan. The maximum loan amount eligible for the subsidy is 1 million yuan, and the fiscal authorities will provide an annualized interest subsidy of 1 percentage point. Based on current commercial personal housing loan rates for first homes, this is equivalent to a one-third reduction in the interest rate. The subsidy period is up to five years. Estimates show that for a long-term commercial personal housing loan of 1 million yuan, the policy could help borrowers reduce total interest payments by nearly 50,000 yuan at most. (CCTV News)
(From Jin10 Data App)
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