Fake! No bank has explicitly proposed a plan to reduce the existing mortgage interest rate.

Fake! No bank has explicitly proposed a plan to reduce the existing mortgage interest rate.

"On July 26th, 2023, the annual interest rate of your loan was adjusted to 4%. Please pay attention to the change of repayment amount. " On July 26th, a screenshot of a short message about Agricultural Bank of China was circulated on the Internet, which was interpreted as lowering the existing mortgage interest rate. What the following small series brings is that no bank has explicitly launched a plan to reduce the existing mortgage interest rate. Let's take a look at it together, hoping to bring some reference.

No bank has explicitly proposed a plan to reduce the existing mortgage interest rate.

The Agricultural Bank of China responded that after the LPR is lowered, if the user chooses the floating interest rate of LPR, the user's mortgage interest rate will be lowered on the interest rate repricing day. There are two modes of interest rate repricing in our bank, one is to adjust 65438+ 10/0/month, and the other is to adjust the mortgage loan date month by month. The content of the above short message is the interest rate adjustment caused by the downward adjustment of LPR, which has nothing to do with the downward adjustment of the existing mortgage interest rate.

"At present, the Bank has not received the policy document on adjusting the stock interest rate. In the future, the Bank will continue to pay attention to relevant policy developments and provide financial services according to relevant requirements. " The Agricultural Bank said.

In fact, up to now, no bank has explicitly launched a plan to lower the existing mortgage interest rate.

Why not reduce the mortgage for the stock house?

1. Affected by national policies, the property market now needs to increase the number of users. Since last year, the mortgage interest rate has dropped again and again. Especially since 2023, many banks have lowered the interest rate of the first home loan to 3.7%, and the mortgage interest rate has entered the "3 era".

2. Banks want to keep profits and high-quality customers based on commercial laws and their own considerations.

Personal mortgage withdrawal has a long cycle and low risk, up to 30 years. It has always been recognized as a high-quality asset by banks. Now that there are fewer loans, there is also a wave of early repayment.

Why hasn't the mortgage interest rate been lowered?

If the mortgage interest rate is not lowered, the borrower's interest expense will not decrease. Although the borrower can't interfere with the change of loan interest rate, he can reduce interest expenses by repaying the mortgage in advance. There are two options to repay the mortgage in advance: partial prepayment and one-time prepayment.

1. Partial repayment in advance: If the borrower has spare money, he can apply for partial repayment in advance at the local loan bank every year. Although the remaining unpaid principal still pays interest at the interest rate agreed in the contract, it is more cost-effective for the borrower to choose to keep the repayment amount unchanged and shorten the repayment period, and the subsequent interest expenses will be less.

2. One-time settlement in advance: that is, the borrower pays off all the remaining principal at one time, and the interest is only calculated until the borrower pays off, and the remaining interest does not need to be paid. However, most banks have requirements for repayment time. For example, if the borrower's repayment time is less than 1 year, he may have to pay liquidated damages to the bank, which is usually stipulated in the loan contract.

When people use the central bank's credit records, they will leave traces of inquiry, which is not good for lending friends, and most online loans are not credit-seeking, so they can't find specific online loan information when they are credit-seeking, but now they can learn their personal data through the data of "Xiaoqi Credit Information", and at the same time, they can learn more information about overdue online loans, application records, untrustworthy information, online loan blacklists and so on without leaving traces.

Does the central bank consider cutting interest rates on stock houses?

On July 14, several responsible persons of the People's Bank of China responded to the hot topics of market concern such as monetary policy, deflation and real estate at the press conference of the State Council Office. Among them, there are clear statements and suggestions on major issues such as repaying the mortgage in advance and reducing the existing mortgage interest rate.

Supporting and encouraging commercial banks and borrowers to negotiate independently to change the contract or replace the existing loans with new loans is actually a signal to encourage banks to sign new contracts with property buyers and replace the existing loans with new loans. If the bank can really implement it, it will undoubtedly greatly reduce the mortgage interest rate of all homeowners.

Has the mortgage interest rate been lowered to 3.45?

Yes According to the mortgage interest rate reduction plan of 5438+1 October1formulated by the People's Bank of China in June 2023, the existing mortgage interest rate is lowered by 35 basis points, and the mortgage interest rate is uniformly adjusted to 3.45.