Edited by: Zhang Jinhe
Financial Associated Press reported on the 18th that reporters learned today that the first-home loan interest rate of some major state-owned banks in Suzhou has dropped to the lowest 4.4%, which was previously 4.6%, and the second-home loan repayment The repayment can be carried out according to the above-mentioned first-home loan interest rate, and the interest rate for the unpaid second-home loan is still 5.2%. At the same time, a credit source from a local joint-stock bank said that starting from this week, the bank's lowest first-time home interest rate can reach 4.6%, which is an increase of 20 basis points on the basis of 4.4%, a slight decrease of 5 basis points from the previous 4.65%.
Previously on May 15, the central bank and the China Banking and Insurance Regulatory Commission jointly issued a document adjusting policies related to mortgage interest rates. In addition, as of now, the first home loan interest rate of some banks in Tianjin, Qingdao , Jinan and other places has dropped to as low as 4.4%.
The first-time home loan interest rates of many banks in Tianjin, Qingdao and Jinan have dropped to the lowest 4.4%
According to Securities Times , reporters today (May 18) called the mortgage departments of Tianjin branches of many banks and learned that Bank of China , Agricultural Bank of China , ICBC , China Construction Bank , Bank of Communications , China Merchants Bank and many other banks have reduced the first home loan interest rate to the lowest 4.4% , which will be officially implemented from today; Bank of Tianjin and Postal Savings Bank No adjustment notice has been received so far, and the lowest first-home loan interest rate is still 4.9%.
Picture source: Visual China-VCG111341905468 (data map)
According to Peninsula Network , on the 18th, Peninsula All-Media Reporters consulted Industrial and Commercial Bank of China The bank currently implements mortgage interest rates. A staff member made it clear that the current first-home mortgage interest rate It is 4.4%, and emphasizes that it will be implemented today. According to an intermediary who has contact with many banks, other banks will also follow up in the next two days.
Qilu One Point reported that according to on-site visits, on May 17, Agricultural Bank of China Jinan Branch, Minsheng Bank Jinan Branch, Bank of Beijing Jinan Branch, etc. have all followed up on relevant policies. The relevant person in charge said that for high-quality customers, they can already apply for a first-home loan interest rate of 4.4%. At present, customers have already enjoyed this interest rate .
The person in charge of the housing loan branch of a joint-stock bank in Jinan said that starting from February 17, the bank has started to implement an interest rate of 4.4% for its new housing loan business. "The state introduced relevant policies on May 15, and we must respond and provide benefits for home buyers." According to reports, before May 17, the bank's mortgage interest rate in Jinan was still 4.6%.
The Central Bank and the China Banking and Insurance Regulatory Commission jointly issued a document to adjust policies related to mortgage interest rates
html On May 15, the Central Bank and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on issues related to adjusting differentiated housing credit policies " (hereinafter referred to as the "Notice"). The notice stated that for households that purchase ordinary self-owned houses with loans, the lower limit of the commercial personal housing loan interest rate for the first home will be adjusted to not be lower than the market quoted interest rate for loans of the corresponding period minus 20 basis points.Image source: The central bank’s official website
The loan market quoted interest rate (LPR) on April 20 this year was: 1-year LPR was 3.7%, and 5-year and above LPR was 4.6%. According to the latest policy, the commercial loan interest rate for the first home nationwide is no less than 24.40%, and the second home is no less than 5.20%.
China Business News reported that according to monitoring by the Shell Research Institute, as of the end of April, the mainstream first home loan interest rate in 103 key cities was 5.17%. If calculated based on the latest lower limit of 4.4%, the difference is 77 basis points. If the loan is 2000,000 yuan, the monthly payment difference will be nearly a thousand yuan.
The real estate market has been in a downturn recently.
The real estate market has been in a downturn recently. According to National Bureau of Statistics , from January to April, real estate investment, sales, funds in place and other indicators all declined; in April, among 70 large and medium-sized cities, the number of cities with declining commodity housing sales prices increased, and commodity prices in first-, second- and third-tier cities increased. Residential sales prices generally showed a downward trend month-on-month and continued to decline year-on-year.
html From January to April, national real estate development investment was 39154 billion, a year-on-year decrease of 2.7%; of which, residential investment was 29527 billion, a decrease of 2.1%.Image source: National Bureau of Statistics
1-April, commercial housing sales area 397680,000 square meters, a year-on-year decrease of 20.9%; Among them, the residential sales area decreased by 25.4%. Commercial housing sales were 3,778.9 billion yuan, down 29.5%; of which, residential sales dropped 32.2%.
Image source: National Bureau of Statistics
1-April, real estate development companies had 4852200 million yuan in funds, a year-on-year decrease of 23.6%. Among them, domestic loans were 683.7 billion yuan, a decrease of 24.4%; foreign capital utilization was 3.8 billion yuan, an increase of 129.4%; self-raised funds were 1,627.1 billion yuan, a decrease of 5.2%; deposits and advances received were 1,535.7 billion yuan, a decrease of 37.0%; personal mortgage loans were 8,037 billion, down 25.1%.
Image source: National Bureau of Statistics
html In April, among 70 large and medium-sized cities, the sales prices of new commercial housing and second-hand housing fell in 47 and 50 cities respectively, an increase of 9 and 5 respectively from the previous month.Analysts: The second and third tier tiers are more likely to further lower the lower limit of mortgage interest rates.
The notice issued by the Central Bank and the China Banking and Insurance Regulatory Commission on May 15 also pointed out that on the basis of the unified lower limit of loan interest rates across the country, The People's Bank of China and the local offices of the China Banking and Insurance Regulatory Commission In accordance with the principle of "implementing policies according to the city", guide the self-regulatory mechanism of market interest rate pricing at the provincial level, and independently determine the first and second sets of commercial individual housing in each city within the jurisdiction according to the changes in the real estate market situation and the regulatory requirements of the city government in each city within the jurisdiction. The loan interest rate is subject to a lower limit.
According to the Financial Associated Press, "The adjustment to the lower limit of first-home loan interest rates further opens up room for downward mortgage interest rates." Li Xiaoqing, a researcher at Zhixin Investment Research Institute, said that taking into account the differences in bank capital costs in different regions and adhering to the principle of city-specific policies, is expected to First-tier cities are less likely to lower the lower limit of mortgage interest rates, while second- and third-tier cities are more likely to further lower the lower limit of mortgage interest rates.
"In the next stage, it is expected that real estate control policies will be further relaxed, targeted supportive measures at the national level will continue to be increased, and various favorable policies at the local level will be quickly introduced." Li Xiaoqing added.
Daily Economic News Comprehensive from the Financial Associated Press, Securities Times, Peninsula Net, Qilu One Point, public information
Daily Economic News
