Chinese mortgage rates are pegged to the LPR (
贷款市场报价利率, lending prime rate) published by the PBOC. As of mid-2020s,
首套房 (first-home) rates have been cut repeatedly to support the property market. Two main mortgage types:
商业贷款 (commercial loan, higher rate) and
公积金贷款 (housing fund loan, lower rate, capped amount).
