Shangrao real estate market ushered in a new wave of positive news, first home provident fund loan interest rate was lowered to 3.1%! Without further ado, let’s take a look~
Provident fund interest rate was lowered by 0.15 percentage points
On September 30, People's Bank of China issued an announcement stating:
Starting from October 1, has lowered the interest rate of the first personal housing provident fund loan by 0.15 percentage points , and the interest rates below 5 years (including 5 years) and above 5 years are adjusted to 2.6% and 3.1% , respectively.
The interest rate policy for the second set of personal housing provident fund loan remains unchanged, that is, the interest rates for less than 5 years (including 5 years) and more than 5 years shall not be lower than 3.025% and 3.575% , respectively.
▲Picture source: Shangrao Municipal People's Government Information Disclosure Platform
On October 1, Shangrao's Provident Fund policy also adjusted accordingly.
The first personal housing provident fund loan that has been applied for but has not been issued before October 1, 2022 will be executed at the new interest rate and there is no need to re-apply for processing.
If it is the first personal housing provident fund loan issued before October 1, 2022, the new loan interest rate will be implemented from on January 1, 2023.
Commercial loan interest rate adjustment will "take measures according to the city"
htmlOn September 29, the People's Bank of China and the China Banking and Insurance Regulatory Commission issued a notice, deciding to phased adjustment of differentiated housing credit policies:
For cities where the sales prices of newly built commercial housing from June to August 2022 have both continued to decline month-on-month and year-on-year.
can independently decide to maintain, lower or cancel the interest rate limit for the first-home loan issued in the local area before the end of 2022.
▲Image source: Central Bank
Before the new policy was released, the mortgage interest rate for the first home of could be reduced to 4.1% , while the lower limit for the mortgage interest rate for the second home was 4.9%.
. After the lower limit of the first home mortgage rate is relaxed this time, it means that some cities will break through the first home mortgage rate of 4% and enter the "3" stage.
According to online news, the interest rates for first-home mortgages in many cities such as Wuhan, Jining have been lowered, and the lowest has even dropped to 3.7%!
Will Shangrao catch up with this wave of policies?
If we look at the requirements, this wave of commercial loan policies needs to be met: from June to August 2022, New commercial residential Sales prices have been declining month-on-month and year-on-year.
Looking back at the new home sales in Shangrao during this period, we found that the overall performance was still relatively stable, so there may not be any downward adjustments. Of course, the specific ones should be subject to the official.
Secondly, from the perspective of time, this wave of policies will continue until the end of 2022, that is, there will be about 3 months in .
This policy coincides with Shangrao's current housing purchase welfare subsidy policy, if you can really enjoy it.
This period will be the best time to get on the bus in the past five years . After all, the mortgage interest rate cannot be lower than the provident fund interest rate, and there is no need to go down. People with urgent needs can consider taking a wave of cars at this time.
So I wonder what you think? Welcome to leave a message in the comment area for discussion!
