![China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs](https://news.charm-retirement.com/wp-content/uploads/2024/09/28d8a1df1c5a1455d637e765caaf419f-600x400.jpeg)
China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs
BEIJING (Reuters) -China’s central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country’s beleaguered property market as the economy slows. Commercial banks should, in batches, reduce interest rates on existing mortgages to no less than 30…