Paper news reporter Ji Simin
While lowering the down payment and liberalizing purchase and sale restrictions, many places have implemented differentiated housing credit policies to support rigid and improved housing demand, and the first-home loan interest rate has been lowered to 4.25% in many places.
According to 澎湃News incomplete statistics, following the 15 basis points lower-than-expected reduction of the quoted market interest rate (LPR) for loans with a term of more than 5 years on May 20, mortgage interest rates in many places have also been lowered. Up to now, at least the capitals in Xinjiang, Xining, Qinghai, Bengbu, Anhui, Jiujiang, Jiangxi, Yichun, Jiangxi, Suzhou, Jiangsu, Tianjin, Zhengzhou, Henan, Qingdao, Shandong, Jinan, Shandong, Hohhot, Inner Mongolia, , Tangshan, Hebei, , Nantong, Jiangsu, Huizhou, Guangdong, etc. The interest rate on home loans fell to 4.25%.
Chen Xiao, a senior analyst at Zhuge Finding a Housing Data Research Center, pointed out that on May 15, the central bank and the China Banking and Insurance Regulatory Commission issued differentiated housing credit policies, proposing to lower the lower limit of the first-home loan interest rate by 20 basis points. The city implemented a policy , and then five days later, the five-year LPR was lowered by 15 BPs to 4.45%. Superimposed on the previous policy, it means that the lowest interest rate in various places can reach 4.25%.
Take Huizhou as an example. According to Huizhou Real Estate Industry Association, according to incomplete statistics, as of the end of May, among the 33 major branches in Huizhou, there are ICBC , CCB , Bank of China , Agricultural Bank of China , Bank of Communications , Guangfa, Postal Savings , Ping An , China Merchants, Guangda, Huaxia , Longmen Rural Commercial Bank, Shanghai Pudong Development Bank, etc. The first-home loan interest rate of at least 13 banks dropped to 4.25%.
In May last year, the loan interest rates for the first and second homes in Huizhou were 6.5% and 7.0%, respectively.
"Huizhou Daily" shows that since the end of last year, Huizhou mortgage interest rates began to decline. It was lowered to 5.2% and 5.35% at the end of January this year. By the beginning of May, the minimum implementation of the first set was 5.0%-5.2%, and the minimum implementation of the second set was 5.3%-5.4%. Subsequently, the central bank lowered the mortgage interest rate, and the first and second houses in Huizhou fell to 4.8% and 5.2% respectively. Over the past year, interest rates have been continuously reduced, which has greatly reduced the cost of home buyers.
According to news from the Jinan City Housing and Construction Bureau, after the central bank adjusted the lower limit of the interest rate on commercial personal housing loans for the first set of housing on May 15 to not be lower than the market quotation rate (LPR) of the corresponding term minus 20 basis points, on May 20 The LPR over 5 years is adjusted to 4.45%. At present, the personal housing loan interest rate in Jinan can reach as low as 4.25% for the first home and 5.05% for the second home. This adjustment is a major benefit to supporting rigid and improved housing demand and reducing the repayment pressure of home buyers.
Nationally speaking, before the interest rate adjustment, the LPR for the first set of personal housing was as low as 4.6%. Taking a mortgage loan with a loan amount of 1 million yuan and a 30-year period of equal principal and interest repayment as an example, before the interest rate adjustment, the LPR of the first set of personal housing is 4.6%, and the monthly payment is 5126.44 yuan at this time. After the interest rate adjustment, the lowest interest rate of the first home loan is 4.25%, and the monthly payment is 4919.4 yuan at this time. Based on this calculation, the monthly payment has been reduced by about 207 yuan, and the total interest on the loan has been reduced by about 74,500 yuan.
"The interest rate of the first home mortgage has been as low as 4.25%, which is the interest rate level low in the past ten years. It can be seen that the central government has significantly strengthened the confidence of residents to buy houses from the financial level." 58 Anju Room Property Research Institute Branch Zhang Bo said.
Chen Xiao believes that, overall, the reduction of the first-home loan interest rate can reduce the repayment pressure of home buyers. Look, it is expected that the follow-up market repair process will accelerate, especially in the second half of the year, the market is expected to accelerate its recovery.
In addition, Yan Yuejin, director of Shanghai E-House Real Estate Research Institute, pointed out that all localities have different policies for first-hand and second-hand housing, first and second housing, small and large apartments, restricted areas and non-restricted areas, ordinary families and multi-child families, and ordinary citizens. People and new citizens will have different interest rate policies. Even under the same conditions, different banks or even different bank outlets will have different loan interest rates.All need attention. Of course, the mortgage interest rate policy sometimes changes due to changes in other real estate policies. For example, in some cities, in order to encourage improved housing purchase demand, there will be clear regulations, that is, after repaying the mortgage of the first house, then the "recognize the house and subscribe for the loan" can be implemented instead of "recognize the loan but not recognize the house" ". At this time, if you subscribe for the second house, you can enjoy the policy of the first house, and you can enjoy the extremely low interest rate of the first house. In other words, low interest rates will also be adjusted due to adjustments in home purchase policies in various places. For this difference, it is necessary for the buyer to identify it in combination with the actual situation.
responsible editor: Liu Xiuhao picture editor: Hu Mengqi
proofreading: Liu Wei
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