Core Viewpoint - The first mortgage rate in Shanghai has decreased to 3.05% following a 10 basis points drop in the latest Loan Prime Rate (LPR), leading to increased buyer activity in the real estate market [1] Group 1: Interest Rate Impact - The reduction in the first mortgage rate to 3.05% is a direct result of the recent LPR adjustment, which has positively influenced the housing market [1] - A hypothetical calculation shows that for a 30-year loan of 10 million yuan, borrowers can save nearly 200,000 yuan in interest payments, equating to a monthly reduction of over 500 yuan [1] Group 2: Buyer Sentiment - Buyers express that the combination of policy benefits and the need for housing upgrades has accelerated their decision to purchase homes [1] - The demand for new housing projects in core areas of Shanghai has surged, indicating a strong market response to the new mortgage rate [1]