京沪已下调，房贷利率降了！

Core Viewpoint - The recent reduction in mortgage rates by 10 basis points in major cities like Beijing and Shanghai is expected to lower housing loan costs, thereby stimulating housing consumption demand [1][10]. Group 1: Mortgage Rate Adjustments - As of May 20, the mortgage rates in Beijing for first-time homebuyers are now 3.05%, while for second homes, the rates are 3.45% within the Fifth Ring and 3.25% outside [1]. - Prior to the LPR adjustment, the mortgage rates were 3.15% for first homes and 3.55% for second homes within the Fifth Ring in Beijing [3]. - In Shanghai, the first home mortgage rate has also been reduced to 3.05%, with second home rates at 3.45% [3]. Group 2: Impact of LPR Reduction - The People's Bank of China announced a 10 basis point reduction in the one-year LPR to 3.0% and the five-year LPR to 3.5% [4]. - A calculation example shows that for a 1 million yuan loan over 30 years, the total repayment amount decreases by 19,600 yuan, and the monthly payment decreases by 543.2 yuan due to the rate drop [4]. Group 3: Broader Economic Implications - The reduction in mortgage rates is part of a broader financial support policy aimed at lowering borrowing costs for medium to long-term funds [10]. - The adjustment is seen as a measure to stabilize the real estate market in key cities, which is showing positive signs [10].