On July 23rd, a number of banks in Beijing have started to cut mortgage interest rates, with the first home loan interest rate falling to 3.4% and the second home loan interest rate as low as 3.6%. "Yesterday, the LPR dropped, and the mortgage interest rate followed suit." A customer manager at China Merchants Bank in Beijing said that the current first home loan interest rate is as low as 3.4%, and the second home depends on whether the house is located in the Fifth Ring Road or outside the Fif...