China News Agency, Beijing, April 20 (Reporter Pang Wuji) On the 20th, the People's Bank of China authorized the National Interbank Interbank Center to publish the latest lending market quoted interest rate (LPR) data. The LPR over the 5-year period referenced by the mortgage rate is 4.65%, which is the largest decline since the LPR reform in August last year.
Xu Xiaole, chief market analyst at Shell Research Institute, believes that the LPR interest rate cut is a transmission of the overall macro-financial market easing to the housing loan market, which is conducive to reducing the monthly stock supply burden. Monthly monthly payment will drop by about 60 yuan.
According to Wang Xiaoqian, an analyst at Zhuge's data search center, from the perspective of past interest rate cuts, the reduction in interest rates will accelerate the release of demand for home purchases. In addition, the government has recently released signs of easing on the supply side. Entry into the market is more firm, or it may drive up market transactions.
Xu Xiaole also said that this is the biggest drop since the LPR reform, which is conducive to raising market expectations. The current real estate market is still slow. Take second-hand housing as an example. The average sales cycle of houses in key cities is more than 120 days. The price increase rate of most cities is less than 30%. The characteristics of the "buyer market" are still obvious. . The decline in LPR can promote the release of demand for house purchases, and the market in key cities is expected to continue to heat up in the second quarter.
Asymmetric interest rate cuts mean that the policy level has been vigilant against overheating in the property market. Wang Xiaomao pointed out that the one-year interest rate reduction base point (20 points) of the interest rate cut was significantly greater than the 5-year decline base point, because personal loans accounted for a relatively high proportion of loans over 5 years. This also reflects the insistence on "no housing and no speculation", releasing the signal that the real estate market regulation is not relaxed.
He Cheng, co-founder and chief researcher of Jiancheng Shengye, also believes that asymmetric interest rate cuts indicate that the government is still vigilant about the possible housing price rebound and real estate financial risks that may result from credit easing. The Politburo meeting held a few days ago once again emphasized that "housing is not speculation", and the overall direction of real estate policy remains unchanged.
Looking to the future, He Tian said that while the overall relaxation of monetary and credit policies, lower interest rates and increased credit availability will be more beneficial to the overall economy. The local government will also continue to increase its efforts in the city. Recent real estate is expected to continue trading recovery since March. (Finish)