---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24088094.md"
description: "The policy of reducing existing mortgage rates was announced at yesterday's press conference, which is positive news, but implementation across different regions will take some time.Therefore, Economic Observer published an article today: The reduction of existing mortgage rates should be swift and implemented in one go.I agree—it's crucial to quickly pass on the benefits of lower mortgage rates to this group of people, alleviating their financial burden. These individuals, mostly aged from their twenties to forties or fifties, face significant pressure. Reducing their burden will help boost consumption."
datetime: "2024-09-25T03:45:23.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24088094.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24088094.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24088094.md)
author: "[dongguaff](https://longbridge.com/en/profiles/7200402.md)"
---

# The policy of reducing existing mortgage rates was…