article: Tongying
As people's economic level continues to improve, people's demand for houses is increasing, especially for couples who are in the marriage and love period. For the man, owning a wedding house can make the marriage more stable and lasting.
Review of the initial rise in housing prices, from the perspective of people's income level and savings, it is impossible to buy a house with all their savings, and they can only use loans. However, just a few years ago, in order to curb the rapid rise in domestic housing prices and cool down the real estate market, major domestic banks have raised mortgage interest rates.
It is understood that in 2015, the interest rate of housing loans in my country was 4.75%. Until 2020, the interest rates of housing loans in my country also rose, reaching a maximum of 5.6% to 6.3%. In some areas, housing loans have reached around 6%. Everyone knows that the higher the interest rate of housing loans, the more money they need to repay in the future, which also puts a lot of pressure on many people who buy houses through loans.
At present, sales in the real estate market are much worse than before, and many third- and fourth-tier small towns have even ushered in the "cold winter" of the real estate market. You should know that due to the impact of the epidemic, many migrant workers have been unemployed one after another. When people have problems with their daily life, let alone buying a house.
In order to boost market confidence and help the development of the real estate market, hundreds of cities across the country have implemented policies based on the city to introduce new policies to stabilize the real estate market, such as adjusting the lower limit of the first mortgage interest rate, reducing the down payment ratio, and increasing the provident fund loan quota of . Data shows that in the first half of June 2022, the interest rates for mainstream first-home housing loans in 103 key cities it monitored were 4.42%, and the interest rates for the second-home were 5.09%, down 49 and 23 basis points from the previous month, setting a new low since 2019. At present, the interest rate for first-home mortgages in Tianjin, Zhengzhou, Qingdao , Jinan, Suzhou and other places has dropped to 4.25%, hitting a new low in the past 30 years.
This change caused a stir in the real estate market. You should know that once the loan interest rate drops, the most intuitive benefit for home buyers is that the total repayment amount will be much smaller. But for those owners who had bought a house long before the implementation of this policy, the reduction in housing loan interest rates is obviously a bit unfair to their previous loan amounts. Under the calculation of high interest rates, they have to repay a large amount of loans, which also makes life stress very heavy.
But the most curious thing is, when the interest rate is lowered, what interest rate should people who bought a house before repay? If you still pay at the previous interest rate, wouldn’t you lose a lot of money?
A colleague bought a house in Wuhan. At that time, the local mortgage interest rate was 5.68%, but now the bank has lowered the interest rate, and the mortgage interest rate is only 5.2%. If the mortgage amount is 1 million, according to the current mortgage interest rate, you can pay 300 yuan less than before. But if the interest rate can be reduced to 4.4%, you can pay 790 yuan less every month.
Some people may think that this money is not too much, but it will accumulate over time, which is also a huge amount of money. The current interest rate levels are good news for those who have not bought a house but are ready to buy it. There is actually no need to worry too much about
, there are two situations here. The first situation is that before January 1, 2020, major banks implemented a fixed exchange rate policy. If your mortgage interest rate is around 5.39%, then the bank's lower mortgage interest rate this time has nothing to do with you. In other words, your previous loan interest rate was 5.39%. No matter how the central bank adjusts, the LPR interest rate has nothing to do with you. You will still execute your previous exchange rate .
The second situation is, if you sign a floating interest rate with the bank, although this year is still the previous mortgage interest rate, starting next year, home buyers can also enjoy the benefits of lowering mortgage interest rates this year. At least it can relieve the pressure on repaying the loan next year.
If you think the house you bought before is too much of a loss, if you want to enjoy the new policy, you can also sell the old house and buy a new house to live in it yourself, so that you can enjoy the care of the new policy.But in this case, changes in house ownership will generate various taxes, which are usually high in amounts and are generally paid by the seller, so it is still a less favorable option for old owners.
In fact, since the country can consider new owners, it will not forget the old owners. In the future, the relevant departments may also introduce some benefits for old owners to improve everyone's repayment pressure as comprehensively as possible. Of course, if everyone has a certain ability, then everyone can also repay the bank's loan in advance. The purpose of interest rate adjustment is to further mobilize people's enthusiasm for buying houses and revitalize the real estate industry.
After cooling down in all walks of life, the market still has a long way to go to restore its previous activity. As for how to return to the previous economic situation, businesses are also working hard to make adjustments. If the real estate market has been in a recession, perhaps the loan interest rate will be lowered in the future.
It is worth mentioning that starting last month, some intermediaries and sales have hyped up the news that housing loan interest rates will rise, so that you can buy a house quickly. In fact, this news has always been fake. Now the bank cannot borrow a large amount of money. Instead, I hope the interest rate can be lower and more customers who have loaned, so if anyone fools you, the interest rate will rise, don’t believe it.
In short, the country adjusts these policies to promote the harmonious development of our society. Now housing prices and interest rates have changed, and the pressure on many people has also increased a lot. But no matter what the changes are, everyone can only choose to accept it. Finally, did you buy a house with a loan or a full payment? If it was a loan, what was the interest rate for your home purchase loan at that time? Is there a decline now?
