Group 1 - The new round of mortgage rate adjustments in Shanghai began on September 1, with existing second-home mortgage rates being adjusted to current first-home mortgage rates, decreasing from 3.45% (LPR-5BP) to 3.36% (LPR-14BP), a reduction of 9 basis points [1] - Following the "8.25 real estate policy" in Shanghai, the differentiation between first and second home mortgage rates has been eliminated, leading to new second-home mortgage rates aligning more closely with first-home rates [5] - Several banks, including China Construction Bank and Beijing Bank, have started accepting applications for adjusting existing second-home mortgage rates to first-home rates, with the process available through mobile banking apps [5]