Core Viewpoint - A significant number of homeowners have seen their mortgage interest rates reduced, with one case reporting a rate as low as 2.375%, which is a reduction of 112.5 basis points from the LPR [1][2]. Group 1: Mortgage Rate Changes - The mortgage rate of 2.375% is based on a pricing benchmark of LPR minus 112.5 basis points, indicating a trend of decreasing rates for existing loans [2]. - The average weighted interest rate for newly issued commercial personal housing loans in Q3 2025 was reported at 3.07%, which is a decrease of approximately 26 basis points compared to the average of 3.33% in the same period of 2024 [3]. Group 2: Monetary Policy and Economic Signals - The Federal Reserve has lowered interest rates by a total of 50 basis points over the past two months, with predictions of an additional 25 basis points cut in December, creating more room for domestic rate reductions [3]. - The central bank has indicated a "moderately loose" monetary policy, suggesting potential rate cuts of up to 30 basis points and a reserve requirement ratio reduction of 0.5 percentage points [4]. - A favorable credit environment is emerging for prospective homebuyers, with expectations of lower starting rates for new mortgages and potential reductions in monthly payments for existing borrowers due to anticipated LPR adjustments [6]. Group 3: Future Outlook - All indicators, from international trends to domestic policies, suggest that the monetary policy is shifting towards easing, with a high likelihood of continued interest rate cuts into late 2025 and early 2026 [6].