China News Agency, Beijing, January 20th (Reporter Pang Wuji) China's loan market quoted interest rate (LPR) has been "standstill" for 9 consecutive months.

　　On the 20th, the People's Bank of China authorized the National Interbank Funding Center to announce the latest LPR.

The data shows that the 1-year LPR is 3.85%, and the 5-year or more LPR is 4.65%.

Since May last year, LPR has not been adjusted for 9 consecutive months.

　　Xu Xiaole, chief market analyst at Shell Research Institute, said that the medium-term lending facility (MLF) interest rate referenced by LPR has continued to remain unchanged, indicating that the current interest rate level is basically in line with economic operations, and there is no need for continued easing of monetary policy. As expected, countercyclical adjustment policies are expected to exit in an orderly manner.

　　However, Xu Xiaole pointed out that mortgage interest rates are beginning to show some signs of bottoming up.

　　In January 2021, the 36-city mainstream first-home loan interest rate monitored by the Shell Research Institute was 5.23%, and the second set of interest rates were 5.52%, both increased slightly by 1 basis point month-on-month, and have been rising for two consecutive months since December last year.

In addition, the average mortgage loan cycle in 36 cities has experienced "five consecutive rises" since September last year and is currently 53 days.

　　Xu Xiaole analyzed that, on the one hand, market funds are tightening before the Spring Festival, and the mortgage lending cycle is accelerating; on the other hand, under the prudent management system of real estate finance, the central bank has guided the reasonable growth of real estate loans by commercial banks. bottom.

Taking into account the overheating of the local market, the use of differentiated mortgage interest rate tools is not ruled out.

　　The monitoring data of Rong360 Big Data Research Institute is different. However, it also shows that the mortgage interest rate at the beginning of the year has basically remained stable.

The agency's monitoring data on the mortgage interest rate of 674 bank branches in 41 key cities across the country shows that in January 2021 (the data monitoring period is from December 20, 2020 to January 18, 2021), the average interest rate for first home loans is At 5.22%, the average interest rate for second home loans was 5.53%, a decrease of 1 basis point from the previous month.

　　Li Wanfu, an analyst at Rong360 Big Data Research Institute, believes that the housing loan interest rate in the beginning of 2021 will decrease from the end of last year, which is different from the trend of housing loans from 2017 to 2018. It reflects that the era of substantial increase in housing loan interest rates across the country has passed. The market has entered a plateau.

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