Minimum 4.4%!How to affect your monthly supply at the lower limit of the interest rate of the first set of housing loans?

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Minimum 4.4%!How to affect your monthly supply at the lower limit of the interest rate of the first set of housing loans?

2022-05-16 00:07:38 15 ℃

Zhongxin Jingwei, May 15th (Wei Wei) The credit policy of the property market has reported heavy news. On the 15th, the Central Bank and the CBRC issued the "Notice on Adjusting the Issues Relevant Issues of Differential Housing Credit Policy" (hereinafter referred to as notice) and proposed that for the resident families of ordinary housing to purchase ordinary housing, It is not lower than the corresponding period of the loan market quotation interest rate (LPR) to reduce 20 basis points.

Based on the latest (that is, April 2022) 5 years, LPR quotation of 4.6%, that is, the interest rate of the first home loan is not less than 4.6%. After this notice, the interest rate of the first home loan could be reduced to 4.4%.

For the majority of stock loan customers, it is not affected by this notice, but on May 20th, a new round of LPR quotation will be ushered in. Following down.

1 million loans saving 40,000 interests in 30 years

In August 2019, the central bank issued an announcement that the first commercial mortgage interest rate must not be lower than the corresponding period LPR, and the interest rate of the two sets of commercial mortgages must not be lower than the corresponding period LPR plus 60 basis points.

According to the above notice, the lower limit of the interest rate of the first house of commercial personal housing loan was adjusted to not less than lower than the corresponding period of loan market quotation interest rates at 20 basis points. The latest period of the LPR of more than 5 years is 4.6%. If it is adjusted to LPR-20 basis points, the interest rate of the first home loan can be reduced to 4.4%.

Zhongxin Jingwei uses a loan of 1 million yuan, a loan period of 30 years, and an equivalent principal and interest repayment estimate. If the mortgage interest rate is 4.6%, the monthly monthly supply is about 5126.44 yuan, and the total interest is 845,500 yuan. After the reduction to 4.4%, the monthly supply was about 5007.61 yuan per month, the total interest was 802,700 yuan, and the total interest saved more than 40,000 yuan.

"The level of mortgage interest rates returned to the level of mortgage after September 2015. One of the important reasons for the heating up in real estate nationwide in 2016 is that the credit environment is loose. It can be predicted that this credit policy is a booster for the stabilization of the real estate market." Zhuge Wang Xiaoyu, chief analyst of the Housing Data Research Center, said.

Dong Ximiao, chief researcher at Zhailian Financial, told Zhongxin Jingwei that in April, a rare negative growth in residential housing loans. The interest rate of the first set of mortgages is urgent, or it will produce three functions: first, stabilize the expectations of residential housing consumption and stimulate new housing consumption demand; second, transmit a "stable housing price" signal to promote the stable and healthy development of the real estate market; the third is to reduce Housing consumption expenditure, which in turn boosted the willingness and ability of residents to expand consumption. Of course, this is just the adjustment of the lower limit of the interest rate of the first set of mortgages. The interest rates of the actual implementation of different regions and different banks may be different. "Ordinary self -housing" also needs to be defined.

The co -director, researcher Pan and Lin of the Digital Economy and Financial Innovation Research Center of Zhejiang University's International Commerce School believes that this time it is mainly through the limitation of the lower limit of interest rates, so as to promote the competition of the first house mortgage in the bank to promote the first house Step in the mortgage interest rate. After this policy is introduced, various banks will moderately adjust their first home interest rate policy.

The interest rate of the second home loan has not changed

It should be noted that the notice also pointed out that the lower limit of the two sets of housing commercial personal housing loan interest rate policy is implemented in accordance with the current regulations. That is, the interest rate of the second home loan is still 5.2%(that is, 4.6%+60 basis points).

Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that the lower limit of interest rates of the two houses is still the corresponding period LPR plus 60 basis points, indicating that in the context of the unchanged tone of the housing housing, the signal of the adjustment and release of this mortgage interest rate adjustment is the key point. Encourage just need and continue to curb investment speculative needs.

Dong Ximiao pointed out that on April 29th, the Political Bureau of the Central Committee of the Communist Party of China proposed that "supporting rigid and improving housing needs." However, the current adjustment of housing credit policies, whether it is the financial management department or commercial banks, mainly concentrates on supporting rigid housing demand. In the next step, there is still a greater optimization space in terms of how to better support the improvement of housing demand, such as relaxation of the two sets of mortgage conditions, reducing the down payment of the two sets of mortgages, and adjusting the lower limit of the interest rate of the two sets of mortgages. Some third -tier cities can also explore the launch of three mortgage policies.

Wang Qing's judgment that the interest rate of the first house loan rate will drive the interest rate of the mortgage loan (including some two -suite interest rates) in some cities, and then consolidate the overall downward momentum of the national mortgage interest rate at the beginning of the year. Stabilize the energy of recovery.

The notice also pointed out that on the basis of the national unified loan interest rate limit, the People's Bank of China and the Banking Regulatory Commission's dispatched institutions in accordance with the principles of "urban policies" guide the provincial market interest rate pricing and self -discipline mechanism, according to the changes in the real estate market situation in various cities in the area under its jurisdiction, changes As for regulatory requirements for urban government, the first set of urban first and two -sets of commercial personal housing loan interest rates were independently determined to independently determine the lower limit.

"In practice, most cities use the nationwide limit directly, and no additional requirements are made." Wang Qing said. He further analyzed that commercial banks will combine their own operations, customer risk status, and credit conditions to clarify the price of interest rates. Based on the lower limit of interest rate policies in various cities, the specific value of each loan is reasonably determined. Complete market -oriented business decision.

May LPR quotation or reduction

This notice mainly affects the new personal housing loan, and the interest rate of the existing personal housing loan is still implemented at the original contract. Many lenders have higher interest rates when loans, and some even reach more than 6%. Because the mortgage interest rate is formed by the LPR+plus point, the additional value is fixed within the remaining period of the contract. The decline in LPR quotation is a real "benefit" for existing mortgages. Since the beginning of this year, LPR has undergone a decomposition in January, and LPR has declined 10 and 5 basis points to 3.7%and 4.6%in one year and 5 years. Since then, it has remained unchanged. Will a new period of LPR will soon be ushered in this month?

The Everbright Securities Research Report believes that in the prospects, the demand for effective financing internal and external disturbances has weakened, and the continuity of wide credit requires all kinds of policies to increase the effort. The supply side, monetary policy is expected to accelerate the decline in the interest rate of LPR quotation through the stock and incremental policy tools. In May, LPR is expected to be reduced.

On May 9th, the central bank disclosed in the column of the China Monetary Policy Implementation Report "Establishing a Market -based adjustment mechanism for deposit interest rates" in the first quarter of its release. Mechanism member bank refers to the bond market interest rate represented by 10 -year Treasury yields and loan market interest rates represented by 1 -year LPR, and reasonably adjust the level of deposit interest rates. According to the latest survey data of the central bank, in the last week of April (April 25th-May 1st), the average interest rate of new deposits of deposit deposits in national financial institutions was 2.37%, a decrease of 10 basis points from the previous week.

According to the analysis of CITIC Securities, the central bank mentioned in the reporter of financial data that in the future, it will "give full play to the effectiveness of the reform of the loan market quotation interest rate reform, give full play to the role of the market -oriented adjustment mechanism of deposit interest rates, promote the reduction of bank liabilities, and then drive to reduce corporate financing costs "". Considering that the central bank's deposit reform in April has reduced the national weighted average deposit interest rate, the LPR interest rate is expected to be reduced in May.

Dong Ximiao said in an interview with Zhongxin Jingwei that LPR will soon be announced this month, and it is recommended that 1-year and 5-year LPR reduces 5-10 basis points synchronously.

"Lot the LPR for more than 5 years, so as to reduce the interest rate of stock loans, thereby reducing the burden on most loan buyers, and better boosting residents' willingness and consumption capabilities." Dong Ximiao said.

However, even if LPR declines, many lender may not be able to enjoy this "good" for the time being. When most people convert LPR interest rates, the interest rate redirection is selected on January 1st each year, that is, the fastest until next year, before they can be fulfilled. (Zhongxin Jingwei APP)