Interest rates have gradually gone lower than what it was last month. It is actually steady now. On a 30 year conforming fixed rate, rates are around 6.375% compared to last month’s 7.25%+. In the near future, it doesn’t look like rates will go over 8.00% or below 6.00%, the government will not allow it.

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Starting July 24, 2006, the Government will limit Real Estate investments in Bejing by raising interest rates, tigheting lending rules, and banning projects outright.

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- Lower margins

- Better pricing

- Direct express (min doc)