(exclusive | some banks in Shanghai have followed up to adjust the first-suite interest rate to 4.55%). With the current five-year loan market quoted rate (LPR) cut by 10 basis points to 4.20%, mortgage interest rates based on this pricing have been cut synchronously. This morning, the mortgage account manager of a large state-owned bank in Shanghai told the financial news agency, "I have been informed that the interest rate on newly issued mortgages is priced in accordance with the new LPR, and the interest rate for the first suite has been adjusted to 4.55%, up from 4.65% before." (Xu Chuan, reporter of the Financial Associated Press)