中国基金报·2025-08-30 01:47Core Viewpoint - Shanghai's new housing policy has led to a reduction in mortgage rates for existing loans and a minimum rate of 3.09% for new second-home loans, aligning them with first-home rates [2][6]. Group 1: New Mortgage Rates - The new policy eliminates the distinction between first and second home mortgage rates in Shanghai, with the specific rate determined by the market rate pricing mechanism and individual bank conditions [4][13]. - Major banks in Shanghai, including ICBC, Bank of China, and others, have announced adjustments to their commercial housing loan rates following the new policy [3][4]. Group 2: Existing Mortgage Adjustments - Existing mortgage rates can be adjusted for eligible borrowers, particularly if their current rates exceed the national average by more than 30 basis points [7][14]. - The adjustment process will not incur any fees and will begin on September 1, 2025, allowing borrowers to check their eligibility through their banks [10][17]. Group 3: Market Context - The weighted average interest rate for newly issued commercial housing loans nationwide was reported at 3.09% in Q2 2025, a decrease of 2 basis points from the previous quarter [5]. - The 5-year LPR remains stable at 3.5%, indicating a consistent lending environment [8].