Every reporter: Wang Jiafei Every editor: Duan Lian, Chen Mengyu, Yi Qijiang
Mortgage interest rates have loosened in many places.
Today (February 22), a reporter from " Daily Economic News " consulted a branch of Industrial Bank in Hohhot and was told: "The lowest mortgage interest rate in our bank is now 5.1%, which is more favorable than the 5.3% not long ago. A lot.”
html On February 21, the People’s Bank of China authorized the National Interbank Funding Center to announce that the 1-year LPR was 3.7%, and the 5-year and above LPR was 4.6%. The interest rate level is the same as in January, but also maintains recent low levels.In February 2022, the mainstream first-home loan interest rate in 103 key cities monitored by the Shell Research Institute was 5.47%, and the second-home loan interest rate was 5.75%, both down 9 basis points from the previous month; the average loan cycle this month was 38 days, which was 5.75% from the previous month. shortened by 12 days.
Mortgage interest rates have been lowered
Recently, both 1-year LPR and 5-year and above LPR have been on a downward trend. Since April 2020, the 1-year LPR has been 3.85%, and the 5-year and above LPR has been 4.65%. This interest rate level has been maintained until November 2021.
In December 2021, the 1-year LPR was lowered to 3.8%, and the 5-year and above LPR remained at 4.65%. In January 2022, it will continue to be lowered to 1-year LPR of 3.7% and 5-year and above LPR of 4.6%.
According to statistics from the Shell Research Institute, the scope of cities with mortgage interest rate cuts has expanded. In February, 87 of the 103 cities saw a month-on-month reduction in the mainstream mortgage interest rates, an increase of 28 from the previous month. There were no cities with interest rate increases. Mortgage interest rates in 30 cities, including first-tier cities, were lowered by 5 basis points in line with the LPR .
Beijing and Shanghai mortgage interest rates fell month-on-month for the first time since mid-2020. There is more room for interest rate cuts, with interest rates on first- and second-home mortgages falling by 9 basis points month-on-month this month, the largest single-month decline since 2019. Zhongshan, Hohhot, HuizhouThe first set of mainstream interest rates has been reduced significantly, reaching 30 basis points.
A loan specialist from China CITIC Bank Beijing told reporters: "If it is a first-time loan for a new house, the current lowest interest rate can be reduced to 5.15%, which is also the interest rate that has just been implemented."
"It will effectively promote market recovery"
Shell Research Institute The report shows: "The current average loan cycle in 103 cities is less than 40 days. Among the first-tier cities, Beijing, Guangzhou, and Shanghai are all shorter than the previous month. Beijing and Guangzhou are one month faster than the previous month; Hangzhou, Wuhan, Nanjing, Chengdu, Wuxi The lending rate in second- and third-tier cities such as and Jiaxing has also accelerated by more than a month. Currently, nearly 40% of cities, including Beijing and Shenzhen, have a loan cycle of less than one month, "
A broker from Tangshan told reporters: "Now. For the business I handle, most banks can lend money within a week, and no business takes more than two weeks. "
A broker in Beijing also said that after the New Year, bank lending was obviously faster: "Last winter, it was quite difficult to lend money. , It looks better now.”
According to data from all parties, the overall real estate market has an obvious trend of stopping its decline.
National Bureau of Statistics data shows that in January the overall real estate market "sales price decline weakened month-on-month." In January, the sales price of newly built commercial housing in first-tier cities increased by 0.6% from a month-on-month decrease of 0.1%, with Beijing, Shanghai, Guangzhou and Shenzhen increasing by 1.0%, 0.6%, 0.5% and 0.5% respectively; second-hand housing prices in first-tier cities increased by 0.6% month-on-month. It rose by 0.1%, the same as last month, with Beijing and Shanghai rising by 0.5% and 0.6% respectively, and Guangzhou and Shenzhen falling by 0.2% and 0.5% respectively.
The sales price of newly built commercial housing in second-tier cities increased by 0.1% from a month-on-month decrease of 0.3%; second-hand housing prices decreased by 0.2% month-on-month, and the decline narrowed by 0.1 percentage point from the previous month. The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 0.2% and 0.4% month-on-month respectively, with the decline narrowing by 0.1 percentage points from the previous month.
Xu Xiaole believes that lowering mortgage interest rates and accelerating lending will effectively promote market recovery. According to data from the Shell Research Institute, after the Spring Festival, the average daily transaction volume of second-hand housing in Shell 50 City increased by about 20% compared with the daily average level in January. The weekly house price index basically stopped falling, and the prosperity index representing market expectations maintained a steady recovery. expects that the credit environment will remain loose in the future, and the market volume and price will be accelerated to repair .
Reporter | Wang Jiafei
Editor | Duan Lian, Chen Mengyu, Yi Qijiang, Du Hengfeng, Wang Jiaqi
Proofreading | Cheng Peng
Cover photo: Photo Network_400998619
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