On October 19, the monitoring data of Rong360 Big Data Research Institute on the mortgage interest rate of 674 bank branches in 41 key cities across the country showed that from October 2020 (September 20, 2020 to October 18, 2020), the whole country The average interest rate for first home loans was 5.24%, and the average interest rate for second home loans was 5.55%, both unchanged from the previous month.

　　It is worth noting that since January this year, the average interest rate of loans for the first and second homes across the country has been showing a downward trend. At the same time, LPR has been standing still since April 20. After June, the downward trend has obviously slowed down until the end of this year. This month (September 20~October 18), the trend of "nine consecutive declines" in mortgage interest rates basically came to an end, and an inflection point is emerging.

　　The data shows that among the 41 key cities mentioned above, the interest rate levels of 13 cities increased month-on-month, accounting for 31.7% of all monitored cities; interest rates of 14 cities fell month-on-month, and 14 cities remained unchanged.

　　Among the first-tier cities, Beijing, Shanghai, and Shenzhen continued to maintain the level of mortgage interest rates in the previous period, and four banks in the Guangzhou area lowered their first home loan interest rates.

　　Although the average level of mortgage interest rates in 14 cities showed a downward trend, the decline was relatively small. The largest decline was in Zhengzhou, which fell by 5BP from the previous period. Among the rising cities, Huizhou, Taiyuan, Changchun, Chengdu, and Changsha 5 The month-on-month increase exceeded 5BP.

Among them, the Changchun area, after a month-on-month drop of 17 BP, has a callback of 7 BP this month; the Chengdu area has continued to rise for three consecutive times, with an increase of 7 BP this month and a cumulative increase of 18 BP.

　　The interest rate of the first home loan in Changsha this month rose by 6BP from the previous month, making it one of the top ten cities in the country with the highest mortgage interest rate. Shenyang was squeezed out of the list.

In addition, the housing loan interest rate in Chengdu has been raised again, and it has become the city with the highest housing loan interest rate in the country. The average interest rate of first home loans reached 5.93%, which is equivalent to LPR+128BP.

　　This year, the "golden nine and silver ten" sales seasons of the property market are relatively mild compared to previous years. At the same time, the strictness of the real estate market regulation has increased unabated.

　　In terms of regulatory policies, more second- and third-tier cities have joined the ranks of tightening mortgages. In terms of commercial loan policies, in addition to raising mortgage interest rates, Wuxi, Shenyang, Changzhou, Changchun and other places have successively adjusted the down payment ratio for second homes to 60%, 50%, 60%, 40%; in terms of provident fund loan policy, Wuxi region raised the second house provident fund loan interest rate in mid-October, which was 1.1 times that of the first house; Dongguan will also officially lower the maximum provident fund loan limit in late October, and the highest loan for the first house The limit was adjusted from 1.2 million yuan to 900,000 yuan, and the maximum loan limit for the second home was adjusted from 800,000 yuan to 500,000 yuan.

　　At the same time, many banks said that due to policy requirements, the current mortgage quota is relatively tight, and there is a high probability that new mortgages will be delayed until January next year. The number of banks that have suspended their mortgage business is also increasing.

　　Since April 20th, LPR has not been adjusted. “The price of LPR in October will remain unchanged, reducing the possibility of lower mortgage interest rates.” Rong360 Big Data Research Institute Li Wanfu believes that although the national mortgage interest rate level this month The overall situation is the same as last month, but it can also be seen that from the two levels of quantity and magnitude, the trend of rising mortgage interest rates gradually radiates to more second- and third-tier regions, which is expected to bring a slight decline in the overall level of the country by the end of the year. rise.

　　Author: Andrews