The Paper reporter Ji Simin
While reducing the down payment and loosening restrictions on purchases and sales, differentiated housing credit policies have been implemented in many places to support rigid and improved housing demand, and the first-home loan interest rate in many places has been lowered to 4.25%.
According to incomplete statistics from The Paper, after the market quoted interest rate (LPR) for loans with a maturity of more than 5 years was cut by 15 basis points than expected on May 20, the interest rates of mortgages in many places were also lowered.Up to now, including at least the first home loan in Xinjiang, Qinghai Xining, Anhui Bengbu, Jiangxi Jiujiang, Jiangxi Yichun, Jiangsu Suzhou, Tianjin, Henan Zhengzhou, Shandong Qingdao, Shandong Jinan, Inner Mongolia Hohhot, Hebei Tangshan, Jiangsu Nantong, Guangdong Huizhou and other places Interest rates fell to 4.25%.
Chen Xiao, a senior analyst at the Zhuge Housing Data Research Center, pointed out that on May 15, the central bank and the China Banking and Insurance Regulatory Commission issued a differentiated housing credit policy, proposing that the lower limit of the first-home loan interest rate be lowered by 20 basis points. The 5-day, 5-year LPR is reduced by 15 BPs to 4.45%, superimposing the previous policy, which means that the lowest interest rate in various places can reach 4.25%.
Taking Huizhou as an example, according to information from the Huizhou Real Estate Industry Association, according to incomplete statistics, as of the end of May, among the 33 major branches in Huizhou, there were ICBC, China Construction Bank, Bank of China, Agricultural Bank of China, Bank of Communications, Guangfa, Postal Savings, Ping An, and China Merchants. , Guangda, Huaxia, Longmen Rural Commercial, Shanghai Pudong Development Bank and other at least 13 banks, the first home loan interest rate dropped to 4.25%.
In May last year, the first and second home loan interest rates in Huizhou were 6.5% and 7.0% respectively.
"Huizhou Daily" shows that since the end of last year, Huizhou mortgage interest rates began to decline.At the end of January this year, it was lowered to 5.2% and 5.35%.By the beginning of May, the first set of minimum execution was 5.0%-5.2%, and the second set of minimum execution was 5.3%-5.4%.Subsequently, the central bank lowered the mortgage interest rate, and the first and second homes in Huizhou dropped to a minimum of 4.8% and 5.2%.The continuous reduction of interest rates over the past year has greatly reduced the cost of home buyers.
According to information from the Jinan Housing and Urban-rural Development Bureau, on May 15, the central bank adjusted the lower limit of the interest rate for commercial personal housing loans for the first set of housing to not less than 20 basis points from the loan market quotation rate (LPR) of the corresponding term, and on May 20, 5 The LPR over the term is adjusted to 4.45%.At present, the personal housing loan interest rate in Jinan can be as low as 4.25% for the first house and 5.05% for the second house. This adjustment is a major benefit to support rigid and improved housing demand, and reduces the repayment pressure of home buyers.
Nationally, before the interest rate adjustment, the LPR of the first personal housing was at a minimum of 4.6%. After the interest rate adjustment, the first home loan interest rate dropped to a minimum of 4.25%.Taking a mortgage loan with a loan amount of 1 million yuan and a 30-year equal principal and interest repayment as an example, before the interest rate adjustment, the LPR of the first personal housing was 4.6%, and the monthly payment at this time was 5126.44 yuan.After the interest rate adjustment, the first home loan interest rate is at least 4.25%, and the monthly payment at this time is 4919.4 yuan.Based on this calculation, the monthly payment is reduced by about 207 yuan, and the total loan interest is reduced by about 74,500 yuan.
"The interest rate of the first home loan has been as low as 4.25%, which is the lowest interest rate level in the past ten years. It can be seen that the central government's efforts to stimulate residents' confidence in purchasing houses from the financial level have increased significantly." said Zhang Bo, director of the branch of 58 Anju Room Property Research Institute. .
Chen Xiao believes that, on the whole, the reduction of the first home loan interest rate can reduce the repayment pressure of home buyers, and to a certain extent will help ease the wait-and-see mood and increase the willingness to buy a home. Although the policy effect may not be significant in the short term, but in the long run , it is expected that the follow-up market repair process will accelerate, especially in the second half of the year, the market is expected to accelerate recovery.
In addition, Yan Yuejin, director of Shanghai E-House Real Estate Research Institute, pointed out that all localities are concerned about first-hand and second-hand houses, first- and second-hand houses, small-sized and large-sized units, purchase-restricted and non-restricted areas, ordinary families and families with multiple children, ordinary citizens and New citizens will form different interest rate policies.Even if the conditions are the same, different banks and even different bank branches will have different loan interest rates, which are all points to pay attention to.Of course, the mortgage interest rate policy will sometimes change due to changes in other real estate policies.For example, in order to encourage improved housing demand in some cities, there will be clear regulations, that is, if the housing loan for the first home is repaid, then it is not necessary to implement "recognizing the house and recognizing the loan", but to implement "recognizing the loan without recognizing the house".At this time, if you subscribe for a second home, you can enjoy the policy of the first home, and you can enjoy the extremely low interest rate of the first home.In other words, low interest rates will also be adjusted due to the adjustment of home purchase policies in various places.For this difference, it is necessary for the homebuyers to identify them in combination with the actual situation.
【Editor: Shao Wanyun】
