"The newly issued notice states that the down payment ratio for first home commercial loans in Wuhan shall not be less than 15%, and the down payment ratio for second home loans shall not be less than 25%. The interest rate for first home commercial loans shall be reduced from 3.55% to 3.25%, and the current interest rate for second home commercial loans shall be 3.35%," said a staff member of a real estate agency in Wuhan on May 21. Recently, after relevant departments have successively issued documents to optimize and adjust housing loans, banks in many regions have successively adjusted policies such as housing loan interest rates and down payment ratios. Industry insiders say that optimizing the down payment ratio can lower the threshold for purchasing a house and help boost housing consumption. On May 17th, banks implemented policy requirements. The People's Bank of China and the State Administration for Financial Supervision jointly issued a notice, reducing the minimum down payment ratio for first and second home commercial loans to no less than 15% and no less than 25%, respectively. The People's Bank of China also announced the cancellation of the lower limit of interest rates for commercial loans for first and second homes nationwide, and the reduction of interest rates for personal housing provident fund loans. The People's Bank of China requires that banking and financial institutions should reasonably determine the specific interest rate level for each loan based on the lower limit of interest rates determined by the self regulatory mechanism of market interest rate pricing at each provincial level (if any), combined with factors such as the operating conditions of the institution and customer risk conditions. After the above policies were introduced, many banks in various regions have adjusted their mortgage policies as required. It is reported that some banks in Wuhan have started implementing new mortgage interest rates, with down payment ratios and mortgage interest rates reduced. However, in terms of the down payment ratio, a person from a state-owned large bank stated that they have not yet received any notice to adjust the down payment ratio: "As far as I know, the down payment ratio for first home commercial loans is still 20%, and there has been no adjustment. Real estate enterprises generally have banks they cooperate with, and buyers often choose from the cooperating banks when applying for loans. Therefore, it is necessary to determine the cooperating bank to further understand information such as loan interest rates." The staff of the Wuhan real estate agency mentioned above said that the down payment ratio for first home commercial loans may also be adjusted according to the sales situation of the property. "If the sales situation of some properties is not ideal, there may be room for a reduction in the down payment ratio. Real estate companies can negotiate with banks. However, the actual down payment ratio also depends on the monthly payment amount that the buyer can afford, their work situation, etc." he said. In addition to Wuhan, a state-owned bank in Hefei has also started implementing new mortgage interest rates. Several real estate agencies in Hefei have revealed that they have just received a notice. For example, the interest rates for first and second home commercial loans in a state-owned bank have both dropped to 3.45%, and the minimum down payment ratio for first home commercial loans has been reduced to 15%. "The specific details are expected to be announced in a few more days, and the requirements of banks may vary," said a salesperson. After optimizing the minimum down payment ratio, it can lower the threshold for residents to purchase houses and help boost housing consumption. At a routine policy briefing held by the State Council Information Office, Tao Ling, Vice President of the People's Bank of China, stated that after adjusting the minimum down payment ratio for housing loans, local governments can still implement urban policies based on this. On the basis of the lower limit of the down payment ratio determined by the government, commercial banks can independently determine the specific down payment ratio based on the customer's risk situation. Qi Dong, Chief Analyst of Real Estate Construction at Open Source Securities, analyzed that this policy