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Some Banks in Guangzhou Cut Interest Rate for 1st Home Loans to 3.1%
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Some banks in Guangzhou have begun to cut their mortgage interest rates, according to Shanghai Securities News.

A source from ICBC's Guangzhou Dongcheng Sub-Branch said that the interest rate for first home loans dropped to 3.1%, while that for second home loans is set at as low as 3.7%

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