Introduction:
For home buyers, mainly for home buyers who have loaned, the biggest purchase cost is the mortgage interest. The mortgage interest for a loan for 30 years will basically exceed the amount of the mortgage principal, which shows that the loan interest is so high.
Starting from the beginning of this year, in order to boost confidence in the real estate market and stimulate the recovery of the real estate market, my country's mortgage interest rates have been continuously lowered. Especially on September 30, People's Bank of China issued a notice that cities can implement differentiated loan interest rates and no longer limit the lower limit of mortgage interest rates. It can be said that in order to encourage people to buy houses, mortgage interest rates have been reduced to the historical lowest level. The financial easing policy in the real estate market is unprecedented;
However, these policies to reduce mortgage interest rates are only for new housing loans, while the interest rate of existing housing loans has no impact;
is indeed miserable for home buyers who bought houses when they were high mortgage interest rates before. Not only did the house price buyers at high levels, but also the mortgage interest rate. Therefore, many home buyers with existing housing loans call loudly, hoping that the interest rate of existing housing loans can also be implemented according to the new housing loan interest rate.
In the past two days, a news online has been widely circulated. The news said that in the near future, banks will reduce the interest rate of existing housing loans to 4.1, which is consistent with the interest rate of new housing loans.
I hope this news is true, so I specially verified from the personal loan managers of several banks, and the responses I received were not notified.
In fact, in my previous post, I have called on many times that banks should lower the interest rate of existing housing mortgages.
Let’s calculate how big the gap is between the mortgage interest rate of 5.88 and 4.1. Suppose that the loan is 1 million yuan and the loan is 30 years. According to the equal principal and interest of , the mortgage interest rate of 5.88 is about 1.13 million yuan in 30 years, while the mortgage interest rate of 4.1 is about 740,000 yuan in 30 years. The mortgage interest rate of 4.1 is 390,000 yuan less than 588, and it is 1,080 yuan less per month. You should know that all these 1,080 yuan are interest.
has several benefits to lowering the interest rate of existing housing loans:
First, it can boost confidence in the real estate market;
The current overall sluggish real estate market is the fundamental reason for insufficient confidence in the real estate market. Whether it is to reduce the down payment ratio or lift the purchase and sale restrictions, it is all to boost confidence in the real estate market. However, judging from the current results, the effect of to save the market is not obvious, and the real estate market is still on a downward trend;
If the interest rate of existing housing loans is reduced at this time, it will inevitably inject a booster into the sluggish real estate market.
The second is to stimulate the consumer market;
At this stage, my country's economic development is facing difficulties, especially the consumer market, which is unprecedentedly sluggish. On the one hand, the housing loan expenditure is too large. If the interest on the village housing loan is lowered, the people will save a lot of money every month, and a considerable amount of the saved expenditure will flow into the consumer market.
Third, revitalize the second-hand housing market;
This point is extremely important. I have published articles many times to analyze that if the second-hand housing market has been sluggish, the entire real estate industry cannot complete the closed loop. Then, no matter which city it is, no matter how popular the new housing market is, it will enter a vicious cycle after one or two years, because second-hand housing is no longer circulating and the closed loop cannot be completed, and the entire real estate industry will stop.
Fourthly, the amount of existing housing loans is large; the amount of new housing loans added every month is really insignificant compared with the amount of existing housing loans. If the interest rate of existing housing loans can be reduced, the impact will be far greater than the impact of reducing the interest rate of new housing loans.
summary:
Although I know that the authenticity of this news is not very good, I really hope that the existing housing loans can be consistent with the new housing loans, and the interest rate of new housing loans in the later stage is likely to be lowered.
Of course, I don’t think this news must be untrue, because, judging from the current real estate market conditions, it is not ruled out that it will increase the possibility of reducing the cost of home buyers, although the possibility is relatively small.
Do you hope that the interest rate of existing housing loans can be lowered?
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