2018 has reached the end of the year. Statistics show that the relevant real estate market regulation policies issued across the country this year have reached 405 times, up nearly 80% from the same period in 2017. Almost every day, a measure has been introduced, setting a new historical record.
"Securities Daily" reporter sorted out the annual adjustment of mortgage loans in Beijing and found that after the May Day holiday, the interest rate of Beijing's first home loan has entered the era of 1.1 times. Although a foreign bank announced that a 5% increase in whitelisted customers and a city commercial bank said that high-quality customers could 3% increase in market fluctuations due to short duration and fewer customers.
At the same time, as the end of the year approaches, loan intermediaries "remind" customers to reserve funds in advance in the name of unknown policies next year and bank settlement at the end of the year, suspension of loans, etc. Some plan to buy home buyers have the idea of credit loans, while mortgage loans have encountered a "fake partner" - down payment loans.
The interest rate for the first home loan has risen by 10%
On New Year's Day 2017, the Beijing branches of 15 banks collectively took action, and agreed to implement the loan interest rate for personal housing loan business not less than 0.9 times the benchmark interest rate. The action at that time was also the first collective price adjustment of the mortgage business of Beijing Bank. After one year of adjustments in 2017, Beijing's first home loan business entered 2018 with a benchmark interest rate of 5%.
In May 2018, the mortgage market once again ushered in a collective price adjustment for banks. On May 3, Industrial and Commercial Bank of China and Agricultural Bank of China respectively issued notices that the online signing before May 7 and approval before May 31 will be approved, and the first-home loan interest rate can continue to be implemented to increase the benchmark interest rate by 5%; otherwise, the increase will increase by 10%. Subsequently, several banks notified that the commercial loan bills signed online after May 10 that the benchmark interest rate for the first home loan was increased by 10%, and the benchmark interest rate for the second home loan of and the benchmark interest rate for the second home loan of were increased by 20%.
At this point, the interest rate of the first home loan in Beijing has entered the era of 1.1 times. At the same time, there are also some banks with tight quotas that have their first home loans increased by 20%-40% according to the benchmark interest rate. Although a foreign bank later announced that a 5% increase in whitelisted customers and a city commercial bank said that a high-quality customers increased by 3%, it did not cause market fluctuations due to short duration and fewer customers. The interest rate for the first home loan in Beijing continued to reach 10% in May until the end of the year.
The Securities Daily reporter calculated the calculation and calculated according to the equal principal and interest repayment method, the loan was 1 million yuan, and the benchmark interest rate for the first home loan was increased by 5% for 25 years, with a monthly payment of 5,930.69 yuan; the benchmark interest rate for the first home loan was increased by 10% for 25 years, with a monthly payment of 6,075.36 yuan.
"Securities Daily" reporter visited major banks and real estate agencies in Beijing in the same period last year to consult on mortgage interest rates and future mortgage interest rate trend expectations, and both received answers that "the interest rate for the first home loan will likely continue to rise."
is different from last year, and the answers of bank staff and real estate agents are relatively cautious this year. A personal loan manager of a large state-owned bank said: "The benchmark interest rate for the first house is now rising by 10%. It is not clear about the situation next year. Everything is subject to the notice of the head office."
The real estate market transaction volume continues to be sluggish
According to statistics from the Beijing Municipal Housing and Urban-Rural Development Commission, as of December 23, the number of second-hand residential housing contracts in Beijing was 7,534, currently only higher than the 7,361 units in February and October this year. After February and October this year, the monthly transaction volume may again be less than 10,000 units. Based on the data from the first 11 months, it is estimated that the annual transaction will be around 141,000 units. Compared with the 136,000 units in 2017, it is a very different place from the 270,000 units in 2016.
In May and September this year, the number of online signing during the policy transition period increased sharply due to the issuance of the "School District Housing Settlement Policy" and the "New Provident Fund Policy", and the downturn continued after the transition period.
House transaction volume is low, and real estate agents have a deep understanding. A reporter from Securities Daily recently encountered a newly opened store that had only one employee packing things and posted a "preparation period" on the glass of the door. The employee said in an interview with our reporter: "The transaction volume has been low recently and the employees have not yet been in place. It may be postponed to open at the end of the year."
Although the transaction volume is not high, the "down payment loan" shows signs of rising.A staff member of a loan agency told the Securities Daily reporter: "I took over more credit loan business this month than before. Everyone prepares for down payments in advance for buying a house."
However, during the investigation, the reporter found that some loan agencies also created an atmosphere of tight funds at the end of the year.
When the reporter consulted, a loan intermediary took out a company notice and said: " Nanjing Bank (December) stopped lending on the 22nd, Jiangsu Bank 22 stopped lending on the 322nd, Shanghai Bank 23 stopped lending on the 323rd, ICBC, Agricultural Bank of China, CCB, Postal Savings Bank , Baoshang Bank , Huaxia Bank 25 stopped lending. On the 27th, all cooperative institutions stopped applying for importing documents." The intermediary reminded the reporter, "It is expected that the funds need to be prepared in advance. Even if all imports are restored after the New Year, it is expected that it will be March."
According to the information feedback from multiple loan intermediaries, due to concerns about unknown policies next year and bank settlement arrangements such as the end of the year and the beginning of the year, many home buyers who are still waiting and watching have begun to find ways to prepare for down payments in advance, so the volume of credit loan business increased by the end of the year.
(Editor in charge: Li Jing)
