Latest mortgage interest rate survey! Suzhou 10 banks
first set of first loans can be achieved by 4.1%!
The second set of loan has not been settled 4.9%!
has been downgraded 6 times in succession since 2022!
html December 4.9%, March 4.7%, April 4.6%,
at the beginning of May 4.4%, mid-May 4.25%,
now 4.1%!
html January payment dropped by nearly 3,000 yuan compared to last year's peak period!
Excellent time to buy!
Suzhou mortgage interest rate bottomed out!
0 banks have implemented 4.1%
Just yesterday, Central Bank cut interest rates again! The latest round of LPR was announced, with the -year LPR of 3.65% and the LPR of 5-year or above was 4.3%.
fell by 5 basis points in one year, and 15 basis points in more than five years.
What level is this? Fang Guan made a line chart of LPR for more than five years since 1991.
can be seen very clearly that the 4.3% benchmark interest rate is the lowest since 1991, and the lowest in the past 30 years!
In fact, since 2011, LPR, which has been in a downward trend for more than five years, has been on a downward trend, and has been falling all the way. Judging from the overall trend, it may be even lower in the future!
This means that the commercial interest rate for the first-home house is at least 4.1% ! It is already lower than 4.156% after the mortgage interest rate in 2009! has become the lowest value in the past 14 years!
According to Fang Guan’s latest survey, 10 major banks in Suzhou have been fully reduced!
The four major banks have fully adjusted to 4.1% of the first loan for the first loan, and the second loan has not been paid off to 4.9% of the second loan. The other eight banks have also adjusted to 4.9% of the home loan interest rate again.
This time, Suzhou is at the forefront of the country again.
The latest mortgage interest rate in Suzhou is as follows
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Note: The specific execution interest rate depends on the customer's own situation. Fans who need to apply for a mortgage are advised to consult the bank in the specific situation. Because depending on the situation of cooperative properties, intermediaries, personal credit reporting, etc., the mortgage interest rates and mortgage cycles of each bank will also vary.
The mortgage interest rate on July 20, 2022 is as follows
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Note: The specific execution interest rate shall be determined based on the customer's own situation. Fans who need to apply for a mortgage are advised to consult the bank in the specific situation. Because depending on the situation of cooperative properties, intermediaries, personal credit reporting, etc., the mortgage interest rates and mortgage cycles of each bank will also vary.
Compared with the data last month, the interest rates of 10 banks in Suzhou have been reduced to a minimum of 4.1%, and the cost of buying a house has dropped again:
- Bank of China has dropped from 4.25% to 4.1%
- Agricultural Bank of China has dropped from 4.25% fell to 4.1%
- Construction Bank dropped from 4.25% to 4.1%
- Bank of Communications fell from 4.25% to 4.1%
- China Merchants Bank dropped from 4.25% to 4.1%
- Jiangsu Bank dropped from 4.25% to 4.1%
- Minsheng Bank dropped from 4.25% to 4.1%
- I&C from 4.25% to 4.1%
- I&C from 4.25%I&C from 4.25%
- I&C from 4.25%html l1 fell to 4.1%
- Postal Bank dropped from 4.25% to 4.1%
- HSBC dropped from 4.25% to 4.1%
, among which China Merchants Bank and Postal Bank stated that it was consistent with the four major banks.
Of course, there are also a few banks that have not received official notices that the mortgage interest rate is still as implemented as before.
For example, Suzhou Bank , Huaxia Bank , Nanjing Bank and Ping An Bank . No notification has been received yet, and the first set of first loan is still 4.25%; Pu Development Bank has received the notification, but has not yet been officially implemented, and it has to wait for the official document to be issued.
Think about the mortgage interest rate in Suzhou in 2021, it is simply incomparable!
At that time, all banks rushed to 6%, the first set was up to 6.3%, and the second set had not been paid off and exceeded 6.8% . Many banks even announced that they would stop loans and not accept orders.
Friends who didn’t choose the right time are crying now fainting in the toilet!
The latest wave of lowering mortgage interest rates is now, which is an excellent time to buy a house!
mortgage interest rates have been falling sharply!
monthly payment has dropped by nearly 3,000 compared with the peak period!
Since 2022, the mortgage interest rate in Suzhou can be said to be on a continuous decline. has dropped from last year's high of 6.3% to the current 4.1% , returning to the mortgage level 14 years ago.
- On November 20, the central bank announced that the five-year LPR interest rate was lowered to 4.6%, and the mortgage interest rate began to gradually lower.
- html In early April, the interest rate for first-home mortgages in Suzhou was generally lowered to 4.6%. It is on par with LPR.
- In mid-May, the central bank's mortgage interest rate can be lowered to below 4.6%, and the first mortgage interest rate in Suzhou can implement a preferential policy of 4.4% at a minimum;
- On May 20, the central bank announced that the LPR for more than 5 years is 4.45%, which means that the first mortgage interest rate in Suzhou can reach 4.25%.
- On May 23, Suzhou mortgage interest rate dropped to a freezing point of 4.25%, and the LPR in June and July remained unchanged.
- On August 22, the central bank announced that the LPR for more than 5 years is 4.3%, and the minimum interest rate for first-time mortgage mortgages in Suzhou can reach 4.1%.
- From May 9, the restricted transfer time for new houses will be adjusted from 3 years to 2 years, and the restricted sales time for second-hand houses will no longer be required; if a family has a new birth population (second child or above), new and second-hand houses will not be restricted; non-Beijing residents can purchase a house after paying social security for 6 consecutive months, and purchases in non-purchase-restricted areas ( Changshu , Zhangjiagang) will not be included in the number of limited purchases for families.
- On August 16, the down payment policy for second-home houses will be implemented! The minimum down payment for the first home loan is 30% and the down payment is 60% if it has not been paid off.
- On August 17, Wujiang and Taicang canceled the purchase restrictions for outsiders! You can buy a house without social security.
- On August 18, Wujiang Fenhu relaxed purchase restrictions! Shanghai, Jiashan household registration can be purchased directly without social security, and 3 sets are limited to purchase.
I thought that 4.25% in mid-May had bottomed out, but unexpectedly, after two months, another interest rate cut was coming, and mortgage interest rates fell again! dropped to 4.1%!
If you are the first-class who is buying a house at this moment, then congratulations, can enjoy the good news of the first-time loan reduction of 15 basis points ! If you are a mortgage loan member who has completed the loan and is mortgaged, congratulations to you, can enjoy the benefit of 5 basis points of LPR reduction !
is a matter of saying that this wave of benefits is indeed a benefit! Whether you want to buy a house or pay the mortgage, you are the immediate beneficiaries.
Let’s compare the mortgage interest rate of 6.3% last year, and now it is 4.1%, which is simply too exciting!
is calculated based on the loan of 200w for 30 years. The monthly payment for one month is reduced by nearly 3,000, and the total repayment amount is reduced by nearly 100w! What is this concept! It is obvious that you can give money directly, but the central bank lowered the interest rate!
Nearly 100w savings! Whatever is more than enough to do!
Favorite policies are constantly bombarded!
The time to buy a house has arrived!
html The Suzhou real estate market since May has been bombarded with good news one after another.
Suzhou's latest home purchase policies list
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Reduce down payment, reduce interest rates, purchase restrictions, loan restrictions, relaxation of sales restrictions, etc. It can be said that Suzhou has always been at the forefront of market adjustment, and every good news of is to boost market confidence.
Moreover, housing forecasts that as long as the real estate market does not show signs of continuous improvement, mortgage interest rates still have room for decline.
After all, in the past, interest rates with the word "" were relatively common.
We have been emphasizing that Real estate is an important part of the economy and must be supported and cannot collapse. Since the beginning of the year, a wave of loosening of the property market has been set off across the country, but unfortunately, the market has not improved much after the implementation of the policies.
In the second quarter of this year, the balance of personal housing loans of in personal housing loans was 38.86 trillion yuan, an increase of only 6.2% year-on-year, setting a lowest growth rate since the first quarter of 2009, and almost stagnated month-on-month. people not only did not borrow or consume loans, but also started to repay in advance .
Picture source from the People's Bank of China
In the second quarter of 2022, National residential housing purchase Leverage ratio fell to 21.2%, setting a historical lowest since the third quarter of 2012. originally wanted to let the place save itself (take measures based on the city), but after half a year of rescue, there was no improvement at all. There was no way, and we still had to use the global trick of to cut interest rates .
If the real estate market wants to take off again, it is not a step on the accelerator, but a runway and a long climb.
But now the problem is that the market cannot give a lot of decision makers time. must activate the property market in a short period of time.
So there are a series of policies to stimulate the real estate market, such as lowering down payment, lowering interest rates, purchasing restrictions, loan restrictions, and relaxing sales restrictions .
The policy environment must be friendly enough, and financial support must not be lacking, so reducing mortgage interest rates is a must and is what everyone expects. Moreover, before the market becomes hot, it is difficult for us to predict the interest rate to come to an end, and it is not ruled out that it will continue to lower.
However, industries like the real estate market, which are changing rapidly, no one can say whether they are rising or falling.
Judging from the current situation, whether it is the home purchase policy or mortgage interest rate, it seems that we are telling us a message: If you don’t buy it at this time, then when will you wait!
For home buyers, the most important thing for is to seize the right opportunity and choose a good opportunity to buy. No matter now or in the future, you will not regret it!
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