With the reduction of LPR ( loan market quotation rate ), the "Securities Daily" reporter learned that personal housing mortgage loan interest rates in Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou and other places have been adjusted accordingly. At the same time, there are also The bank lowered the floating basis point, and the first home mortgage loan interest rate dropped to as low as 4.9%. Zhang Dawei, chief analyst of
Centaline Real Estate, said in an interview with a reporter from Securities Daily that not all mortgage customers can immediately enjoy the reduced interest rates. New mortgage loans can generally be calculated based on the latest LPR interest rate, while existing mortgage loans will depend on the repricing date of the home buyer.
Mortgage interest rates have been reduced in many places
"Securities Daily" reporters, as home buyers, consulted the Beijing area including Industrial and Commercial Bank , Agricultural Bank of China, Bank of China , China Construction Bank, Postal Savings Bank , China Merchants Bank , Minsheng Multiple outlets of 11 banks, including Bank of China, Ping An Bank, Shanghai Pudong Development Bank, Bank of Nanjing, Jiangsu Bank, etc. Staff at the above-mentioned bank outlets told reporters that the current loan interest rates for first-time homes have dropped to 5.15%, and the interest rates for second-home loans have dropped to 5.65%, which have dropped by 5 basis points respectively following the LPR of more than 5 years, but the increase has not been increased. Since the reform of LPR in 2019, the standard of adding 55 basis points to the LPR for the first set and 105 basis points for the second set has been implemented.
"Securities Daily" reporters called a number of bank branches in Shanghai and learned that the interest rates for first-home loans in these banks have dropped below 5% to 4.95%, and the interest rates for second-home loans are 5.65%. Among them, the mortgage interest rate was lowered by 5 basis points with the LPR, and the point increase rate was not adjusted.
In fact, banks in many places have lowered the points added to mortgages, but the interest rates for points added vary according to the real estate situation in each region and the real estate loan strategies of each bank. For example, the differentiated pricing characteristics of mortgage interest rates in Guangzhou are more obvious. It is understood that after this LPR adjustment, the interest rate for first-home loans in Guangzhou is concentrated between 5.5% and 5.6%, and the interest rate for second-home loans is 5.8%. Among them, the extra points for home loans will still refer to the customer qualifications and the cooperation with real estate (new houses).
A personal loan manager of a branch of a joint-stock bank in Shenzhen told reporters that the current first-home loan interest rate is as low as 4.9%. In addition to the 5 basis points drop in LPR, the additional interest rate has also dropped by 15 basis points compared with before.
"Securities Daily" reporters learned from many banks in the Suzhou area that the interest rates for first-home loans at some banks have dropped to 4.95%, and the interest rates for second-home loans have dropped to less than 5.5%.
According to the mainstream mortgage interest rate data in key cities of the Shell Research Institute, the mainstream first-home loan interest rate in 103 key cities monitored in January 2022 was 5.56%, and the second-home loan interest rate was 5.84%, both down 8 basis points from the previous month. Among them, mainstream mortgage interest rates in 59 cities were reduced month-on-month, an increase of 19 from the previous month. Mortgage interest rates in key cities such as Guangzhou, Shenzhen, Hangzhou, Nanjing, and Suzhou were all reduced.
LPR adjustment affects geometry?
It is worth noting that the reduction of LPR over 5 years has different impacts on new and existing loans. New mortgage loans can generally be calculated according to the latest LPR, and you can enjoy the dividends of LPR reduction and reduce the cost of home purchase. However, the existing mortgage loan depends on the repricing date of the home buyer.
A personal loan manager of a major state-owned bank in Beijing told a reporter from Securities Daily that starting from January 2021, banks will focus on converting existing mortgage loans into LPR in batches. After converting to the LPR pricing model, mortgage loans will generally be adjusted once a year. As for the date of adjustment, different banks have different regulations. Some banks adjust it on the contract signing date, but most banks adjust it on the first day of the new year. Start adjusting every month. This means that in January 2023, many people’s mortgage loans will usher in a new round of adjustments.
He further introduced: "For home buyers who have already taken loans, existing mortgages that have completed re-pricing this year before January 20 will need to wait until the re-pricing on January 1, 2023 to adjust. But for those who have completed re-pricing in January 2022, New home buyers who complete their loans after the 20th will immediately enjoy the benefits. "
" This LPR reduction will have a positive impact on the real estate market and help boost the prosperity of the property market."Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, told a reporter from Securities Daily that from the perspective of real estate companies, the cost of medium and long-term loan funds will be further reduced, thereby encouraging real estate companies to be willing to lend and dare to lend. From the perspective of home buyers, mortgage loans Further reductions in interest rate costs will further activate demand for reasonable housing consumption. Xu Xiaole, chief market analyst at
Shell Research Institute, told a reporter from Securities Daily that the tone of a stable and loose monetary environment in 2022 has been basically established as the benchmark anchor for mortgage interest rates in the next five years. The decline in LPR above the period represents a reduction in the cost of residential mortgage loans, which will help increase residents' purchasing power, release housing consumption, and also drive other life consumption. It is expected that the credit environment for home purchases will remain relatively loose during the year, supporting the release of reasonable housing consumption demand and driving the growth of housing consumption. Market volume and price return to the center
Editor: Liu Anqi | Reviewer: Li Zhen | Director: Wan Junwei
(Source: Securities Daily)
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