Will the monthly mortgage payment decrease in 2023?

Xiao Liu received news from the bank during the New Year's holiday that his mortgage was re-priced at 65438+ 10/in June 2023, and the mortgage payable in this period was less than that in the previous month 1 00 yuan.

In this way, it can save nearly 2000 yuan all year round. Although the amount is not much, it can also relieve some of the pressure.

The decrease of monthly supply pressure is related to it.

The downward adjustment of mortgage interest rate benefited from the decline of LPR (loan market quotation) in 2022 for more than five years.

In the past year, LPR experienced three downward adjustments in five years, with a cumulative decrease of 35 basis points. They were 65438+1October 20th, respectively, and fell to February 20th and February 22nd. From the fall to the current mortgage interest rate policy, the mortgage interest rate was formed by adding some points on the basis of the corresponding term LPR in the latest month. If your mortgage interest rate is anchored to LPR pricing, and the bank re-pricing date is 65438+ 10/,then the loan interest rate will be increased according to the LPR released in February of the previous year, and recalculated in June of each year at 65438+1 0/,which can save some monthly payments this year.

Taking the first suite in Beijing as an example, the monthly payment in 2022 is about 5,900 yuan, based on the 25-year equal principal and interest commercial loan. After re-pricing in June 2023, the interest rate dropped to about 5,700 yuan, saving about 200 yuan every month and about 2,000 yuan a year.

Will the mortgage interest rate continue to be lowered?

According to the data of the central bank, the weighted average interest rate of new residential mortgage in June 5438+ 10 is lower than the lowest level since the historical record (then, will the LPR quotation that affects the mortgage interest rate for more than five years continue to decline?

In fact, from the general economic law, the level of economic development is constantly improving, the financial market is more mature, and the overall interest rate level of the whole society will continue to decline, which is a general trend.

According to experts' analysis, the reduction of mortgage interest rate is a real benefit for buyers, and it is also one of the rescue actions to stabilize the real estate market and establish the confidence of buyers. In this way, everyone's wait-and-see mood can naturally be dispelled, and confidence in the future property market can be gradually established.

Therefore, many experts predict that in 2023, the LPR with a term of more than five years may still be lowered to some extent, which means that the monthly supply of buyers may be further reduced in the future.

In any case, reducing the burden of housing consumption is a real benefit to everyone who buys a house. I believe that with the frequent warm wind blowing in the property market, good news will follow for buyers in the new year.