Xinhua All Media+｜Increased prices of personal housing loans in many places will it be more expensive and difficult for you and me to apply for housing loans?
Xinhua News Agency, Beijing, May 27 -
Problem: many individual housing loans "price" you and I apply for mortgages more difficult it will be more expensive?
Xinhua News Agency reporter
Recently, many banks in Guangzhou, Shenzhen and other places have raised interest rates on personal mortgages. At the same time, there have been situations such as tight mortgage quotas and lengthened lending cycles.
What does the increase in mortgage interest rates mean?
Will housing loans continue to "price increases" in the future?
Will personal mortgage application become difficult?
Reporter conducted a survey.
Mortgage interest rates in many places ushered in an increase
The reporter learned that in May, the four banks of Guangzhou Industry, Agriculture, China, and Construction ushered in another increase in mortgage interest rates. Currently, the lowest mortgage interest rate for the first home is 5.4%, and the lowest mortgage interest rate for the second home is 5.6%, which is a 35 percent increase from January. Basis points.
"Since this year, the four banks of Guangzhou Industry, Agriculture, China, and Construction have raised their mortgage interest rates three times, and joint-stock banks have also not regularly raised interest rates to follow up." The person in charge of an intermediary agency in Huangpu District, Guangzhou introduced.
In Shenzhen, since the Shenzhen Branch of China Construction Bank raised mortgage interest rates in early May, many banks have followed suit.
The reporter learned that the Shenzhen branch of the five major banks of industry, agriculture, China, China Construction, and Communications has adjusted the mortgage interest rate. The first home loan interest rate has been increased by 15 basis points to 5.1%, and the second home loan interest rate has been increased by 35 basis points to 5.6%.
The monitoring data of Rong360 Big Data Research Institute on mortgage interest rates in 42 key cities across the country shows that from April 20 to May 18, the average interest rate of first home loans nationwide was 5.33%, an increase of 2 basis points from the previous month; the average interest rate of second home loans was It was 5.61%, up 2 basis points from the previous month.
Why do mortgages in hotspots have "increased prices"?
Experts said that the increase in mortgage interest rates is a manifestation of the tightening of real estate regulation in some hot cities.
Recently, in some areas where housing prices have increased significantly, the property market control policies, including housing loan policies, have generally been tightened.
Implement the real estate loan concentration management system and increase the crackdown on the illegal inflow of credit funds into the real estate market... Since the beginning of this year, real estate financial supervision has become stricter, and banks have become more cautious about the placement of housing mortgage loans.
“Adopting policies based on the city and appropriately raising the mortgage interest rate will help curb the unilateral rise in the real estate market and also help prevent financial risks.” said Dong Ximiao, chief researcher of China Merchants Union Finance.
Li Yujia, the chief researcher of the Guangdong Provincial Housing Policy Research Center, said that because banks generally chased the share of housing loans in hot cities in the early stage, the housing loan interest rates in these areas were low. The appropriate increase this time is a return to normal interest rates.
"For example, after the Shenzhen banking industry collectively raised mortgage interest rates, the interest rates were still lower than the national average."
What do buyers think about the tightening of mortgage policies?
Housing credit policy is not only related to the country's macro-control, but also closely related to ordinary people.
For home buyers, the increase in loan interest rates means an increase in the cost of buying a house.
Taking Shenzhen as an example, according to a loan of 3 million yuan, a 30-year period, and repayment through the same principal and interest, after the mortgage interest rate rises, the total interest of the first-time home buyer will increase by about 100,000 yuan, and the monthly repayment will increase by more than 200 yuan.
However, compared with the increase in loan interest rates, many home buyers are more worried about the tightening of loan lines and the increase in the threshold for lending.
At the same time that housing loans "increased in price", bank housing loan quotas in some areas were further tightened, and the lending cycle was also lengthening.
Many bank mortgage business managers and intermediaries in Guangzhou have stated that there are not a few people with a four-month lending cycle for second-hand housing loans, and three-month lending is already an "optimistic estimate."
Compared with Guangzhou and Shenzhen, Shanghai's mortgage interest rates remain stable, but the lending cycle is also lengthening.
A woman who just bought a house in Shanghai told reporters that even for banks that developers cooperate with, the approval and lending speeds are very slow.
One of the joint-stock banks said that the loan quota in May has been used up and the quota will be available in June.
Loan review is also more stringent.
Guangzhou Ms. Wang, who was planning to buy a house, originally wanted to borrow money from her brother and sister for the down payment, but found that she had been "turned out" by the bank.
"At present, only the money of parents, spouses and children can be used as the down payment, and a clear source must be given. The money of other relatives and friends cannot be used as the down payment." Ms. Wang said.
Experts said that the impact of rising interest rates, tight quotas, and slower lending on the rigid needs group is inevitable.
The real estate industry is a capital-intensive industry. From the perspective of property market regulation, tightening housing loan policies will help promote the steady and healthy development of the property market, promote the return of housing prices to a reasonable level, and benefit buyers in the long run.
Will the "price increase" of housing loans continue?
According to data from the Central Bank, at the end of March this year, my country's personal housing loan balance increased by 14.5% year-on-year, and the growth rate was 1.4 percentage points lower than the same period last year.
Experts said that under the background of strict supervision, real estate credit is facing further tightening pressure.
"The next step is in hotspot cities where housing prices are rising rapidly, or areas with relatively low mortgage interest rates, a small increase in mortgage interest rates may become a trend." Dong Ximiao said.
Li Yujia said that the rebound cycle of housing loan interest rates in hot cities has begun, and the main influencing factors include rising housing prices, the concentration of real estate loans by banks, and the adjustment of the allocation of credit resources.
Beginning in 2021, the state has implemented a real estate loan concentration management system, and some banks have a relatively high proportion of personal housing loans, which exceeds the concentration requirement.
Experts said that although the relevant banks have a large amount of mortgage loans, a large amount of room to move, and ample time for rectification, they will also take measures to appropriately control the growth of mortgages.
From the perspective of national policy guidance, this year’s credit resources will highlight support for high-end manufacturing, small and micro enterprises, green development, and rural revitalization.
The housing loan policy is closely related to the people. It should not only help prevent risks and suppress bubbles, but also support residents' reasonable financing needs for housing purchases.
In fact, the regulatory authorities have always required banks to implement differentiated housing credit policies.
In this increase in mortgage interest rates, the adjustment range of the second home loan interest rate is greater than that of the first home loan interest rate, which also reflects this policy orientation.
Dong Ximiao said that in the process of implementing real estate market control policies and implementing real estate loan concentration management requirements, commercial banks should adhere to "holding and pressure", maintain the appropriate development of personal housing loan business, and try not to "injury" rigid housing demand and improve as much as possible. Housing needs.
Especially for the first home loan demand, a sufficient amount should be reserved and a relatively favorable interest rate policy should be given.