I remember that the interest rate for the first home in 2020 was 5.38%, and the lowest is 3.8%. What was originally more terrifying than the decline in housing prices was not only the inability to sell, but also the interest rate declined. In 2020, we will pay a loan of 1 million yuan to buy a house, and the equivalent principal and interest of and will pay 5,602 yuan per month, and the interest expense will be 1.017 million yuan. After the interest rate for the first home in 2022 dropped to 3.8%, the same loan of 1 million yuan will be paid, how much will the same amount of principal and interest be paid per month? 4,659 yuan, almost 1,000 yuan less per month, and 340,000 yuan less interest in 30 years. This is a bit more than the decline in housing prices.
In 2022, mortgage interest rates have been frequently lowered, and recently it was revealed that the interest rate for the first home is as low as 3.8%, which made more than 5.88% of the owners who bought houses in 2020 faint from crying to the toilet, and there were even about 6.37%. The interest rate has almost fluctuated, and half of the house has been saved in 30 years.
Frequently lowered mortgage interest rates and fell in housing prices have become the biggest negative for the current real estate market. Why do you say so? If the interest rate for buying a house this year is 4.1%, the interest rate will become 3.2% next year. So is this part of the high interest rate a risk?
plus house prices are still on the decline, so this situation will only make the market more wait-and-see. However, compared with interest rates, the decline in housing prices, or directly in place, would be more convincing.
Why don’t you buy a house recently? Boge thinks that one is the surplus of houses; two is the overdraft of consumption in the past few years; three is the loss effect.
In the past, the real estate market was robbed because it was able to make money. It was not necessary to live in at all, but because there was room for arbitrage. Once you lose the opportunity for arbitrage, you may even lose your hands, and the market will quickly become rational.
So the decline in interest rates is a bad market, but it is a good thing for those who really need a house. Do you think it is good or bad for the future? Will you buy a house?
