BOC confirms 70 percent mortgage reduction

February 3, 2010, from the Bank of China News, the bank issued a notice last week, the first suite of preferential rates from 70 percent to 85 percent. At the same time, BOC has completely ceased to cooperate with intermediary second-hand housing. Chinese New Society, Lu Jianche, February 3, 2010, from the Bank of China News, the bank has issued a notice last week, the first suite of preferential rates from 70 percent to 85 percent. At the same time, BOC has completely ceased to cooperate with intermediary second-hand housing.　　Sino-New Society issued Tai Beijing February 3 Xinhua on the Bank of China formally suspended the 70 percent discount on mortgage loans, BOC related officials 3rd confirmed that the bank has recently made personal housing loan interest rate adjustment, the reduction of personal mortgage rate concessions.　　BOC said that the lower concessions are to fulfill the "differentiated credit policy, optimize the structure of the loan", the revised rate of mortgage rates after the specific number of concessions, BOC officials did not disclose, but the person in charge said will "distinguish between the use of loans, differentiated customer credit status for differentiated pricing."　　The news said that BOC Beijing, Shanghai and other first-tier city branches have received a formal notice from the head office, to the residents of individual housing loans preferential rate from 70 percent to 85 percent. In response to the regulation of the real estate market "State 11" issued after the "cancellation" mortgage concessions rumors, since the construction Bank of the implementation of the differential interest rate, the mainland commercial banks have brewing to reduce the mortgage concessions. January, the first-tier city property market also showed a fall in sales, analysts said has been cooling the clue. Finish)