Joke Collection Website - Blessing messages - The central bank "cut interest rates" for ten days: 17 The interest rate of the first home loan in the city is as low as 4.25%.

The central bank "cut interest rates" for ten days: 17 The interest rate of the first home loan in the city is as low as 4.25%.

Our reporter Liu Qi Du Yumeng

"From May 28th, 2022, the annual interest rate of your loan will be adjusted to 4.3050%. Please leave enough money for repayment. " On May 29th, Yan Ge (pseudonym), who lives in Jiashan County, Zhejiang Province, received such a short message from his loan bank. He told the "Securities Daily" reporter that after the annual mortgage interest rate is lowered, the monthly payment can be less.

On May 20th, the central bank authorized the National Inter-bank Funding Center to announce that the LPR (loan market quotation rate) for five years or more was lowered from 4.6% 15 basis points to 4.45%, which was the biggest decline of LPR in more than five years since the LPR reform, far exceeding market expectations. Based on this calculation, for existing mortgage customers, if the repayment method of commercial loan amount of 3 million yuan, loan for 30 years and equal principal and interest is adopted, it can save more than 3,000 yuan for existing mortgage customers every year after the downward adjustment.

Yan Yuejin, director of the think tank center of Yiju Research Institute, said in an interview with the Securities Daily that with the sharp reduction of LPR in the past five years or so this month, it not only reduced the mortgage cost of incremental homebuyers, but also allowed a small number of existing mortgage repayers to enjoy the policy dividend, which has a certain effect of reducing the burden. Generally speaking, with the introduction of property market support policies in various places, combined with the mortgage interest rate "policy by city", it is expected to have a positive impact on the release of housing demand.

Of course, compared with existing mortgage customers, the "policy benefits" that incremental lenders can enjoy seem to be far more than these. That is, in addition to the sharp reduction of LPR for more than five years, on May 15, the central bank and the China Banking Regulatory Commission announced that the lower limit of the interest rate of the first set of commercial personal housing loans would be adjusted to not less than the quoted interest rate of the loan market for the corresponding period minus 20 basis points. In other words, compared with April, new borrowers cut interest rates by up to 35 basis points, and the interest rate can be as low as 4.25%. Similarly, according to the repayment method of commercial loan amount of 3 million, loan for 30 years and equal principal and interest, buyers can save about 7500 yuan in mortgage every year.

According to the data provided by 360 Digital Technology Research Institute, as of May 25th, among the 42 cities monitored by LPR, 17 cities have been able to implement the first home loan interest rate of 4.25% and the second home loan interest rate of 5.05%. These include Suzhou, Zhengzhou, Jinan and other places where the mortgage interest rate has reached the first set of lower limit requirements before, and cities where the first set of interest rates was still above 5% before 15, such as Wenzhou and Nanjing. Banks in some cities can only implement lower interest rates for high-quality customers or cooperative real estate.

In addition, at least six cities have not implemented the minimum downward interest rate of 4.25%, but the first set of interest rates has also dropped below 4.6%; At least 24 cities have the lowest interest rate for second-home loans of 5.05%.

Ye Yindan, a researcher at China Banking Research Institute, said in an interview with the Securities Daily that the recent "targeted interest rate cuts" in second, third and fourth tier cities for the real estate market are expected to boost the property market transactions in a short time, especially some hot cities have cancelled or relaxed measures such as restricting purchases, loans and sales.

Based on the data provided by Ke Rui Real Estate Research, the reporter found that although the cumulative transaction area of second-hand houses in several cities still decreased year-on-year, recently, the transaction scale of second-hand houses in some cities increased significantly.

Specifically, in the three weeks from May 2 to May 22, the transaction area of hot cities such as Chengdu, Nanjing, Suzhou, Xiamen and Hangzhou increased week by week.

Take Nanjing as an example. In the first three weeks of May, the transaction area of second-hand houses was 63 1 1,000 square meters, 1 1,392 square meters and 1 1,436 square meters respectively. The transaction area of second-hand houses in Hangzhou is 1.47 million, 60,300 and 75,400 square meters respectively; The transaction area of second-hand houses in Suzhou is 37,900, 87,200 and 94,400 square meters respectively. In fact, these three cities have recently attracted wide attention from all sides because of the introduction of various property market support policies.

Ye Yindan said that in the long run, whether it is the reduction of mortgage interest rate or the adjustment of property market control measures such as restrictions on purchases and sales, the effect varies from city to city, that is, it ultimately depends on the basis of urban development potential, industrial development, population inflow and income growth. For areas with better economic development, the urbanization trend of new citizens settling in cities and the corresponding housing demand can be said to be persistent. Therefore, the relevant property market support policies have a good effect on releasing market demand. Only from the perspective of mortgage interest rate, it is expected that more second, third and fourth tier cities will reduce the interest rate of the first home loan to 4.25%.

"Overall, the current low interest rate of real estate in the country may not have bottomed out, and there is still room for further downward adjustment of subsequent mortgage interest rates." Yan Yuejin said.

(Editor Shangguan Menglu)