The mortgage market stabilizes the mortgage interest rate. "Stay on hold."
Banks have stricter requirements on the qualifications of lenders
Recently, there have been news of tight bank mortgage lines and higher mortgage interest rates in Guangzhou, Shanghai, Hangzhou and other places. There are even market rumors that some banks have suspended their second-hand mortgage business in some cities.
As a first-tier city, what is the housing loan market in Beijing?
Have interest rates and quotas changed?
A reporter from Beijing Youth Daily recently visited many state-owned banks, joint-stock banks and intermediary agencies in Beijing. According to feedback, the current housing loan market in Beijing is basically stable as the property market. There has also been no suspension of loans; only a few banks have indicated that their quotas are in a hurry.
In addition, some intermediaries reported that banks have stricter requirements on the qualifications of lenders.
Mortgage interest rates stand still
"Beijing's mortgage interest rate has been stable and has not risen much." Xiao Cao, who has been working as a real estate agency in Beijing for many years, told a reporter from Beijing Youth Daily yesterday.
The current mortgage interest rates of all banks are still implemented for the first set of 55 basis points on the basis of LPR and 105 basis points for the second set. Specifically, it is currently 5.2% for the first set and 5.7% for the second set.
A personal loan manager of a stock bank said that the interest rates of bank mortgages in Beijing are all the same, and everyone has a unified price, which has been stable recently.
According to the regulations of the Central Bank, starting from October 8, 2019, the interest rate of newly issued commercial personal housing loans will be formed based on the price quoted rate (LPR) of the corresponding period of the loan in the most recent month.
After the New Deal, the benchmark for the pricing of personal housing loans in Beijing is: the interest rate of the first commercial personal housing loan shall not be lower than the corresponding period LPR+55 basis points, and the interest rate of the second set of commercial personal housing loans shall not be lower than the corresponding period LPR+105 basis points.
This standard has not changed so far.
Many banks said that second-hand housing did not stop lending
The bank lending time that buyers are more concerned about is closely related to the tightness of bank quotas.
People at the Beijing branch of two large state-owned banks and a joint-stock bank headquartered in the south said that the current personal loan line is not tight, the loan cycle is the same as before, and there is no need to queue for appointments; their second-hand housing loans are also going Stop lending.
A personal lender from a major state-owned bank branch said that the branch does not cooperate with many real estate projects, and now the quota is not tight, and there is no need to line up; in terms of lending cycle, pure commercial loans take about two weeks from approval to lending, and provident fund loans are slower. .
Intermediary Xiaocao said that it is not difficult to apply for a mortgage now. Banks approve loans quickly and the loan cycle is similar to the previous ones. The loan can be released in one or two weeks as quickly as possible, and it may take one or two months in the slower.
Xiao Wang, a broker of an intermediary agency specializing in high-end real estate in Chaoyang District, said that the interest rate and lending cycle for mortgage applications have not changed significantly now. The lending time is about one month. The specific circumstances will vary from bank to bank. Banks are relatively strict in reviewing loans, and require relatively high qualifications for lenders.
A few banks have been tight for quotas this year
However, there are also a few small and medium-sized banks that said that housing loan quotas have been tight this year. This is not because of the recent surge in loan demand, but mainly because of the implementation of the new policy of "Real Estate Loan Concentration Management" at the beginning of the year.
A source at the Beijing branch of a joint-stock bank said that the head office did not approve mortgage loans this year.
Another person from a joint-stock bank branch said that although there are still some quotas, there is not much left, and customers need to make an appointment to queue up when applying for a mortgage.
On January 1 this year, the real estate loan concentration management system was formally implemented, drawing "two red lines" for bank real estate loans and personal mortgage balances.
The proportion of real estate-related loan balances of some banks exceeds the standard and needs to be gradually reduced during the transition period.
Some people in the banking industry said that some banks have tightened quotas because their head office’s regulatory indicators have exceeded the standards, so they will be restricted; and those banks that do not exceed the standards or have little pressure to exceed the standards will naturally not be nervous in terms of quotas.
analysis
Behind the stable mortgage market is the stable property market
In stark contrast to the Beijing area, the mortgage interest rates in other first-tier cities have been raised from time to time this year. In particular, the Guangzhou area has seen four consecutive increases in mortgage interest rates.
Recently, many key cities across the country have continued to report that bank loan quotas are tight and the loan cycle is lengthened. In some cities, second-hand housing loans have also been suspended.
Why is the housing loan market in Beijing so stable?
Zhang Dawei, chief analyst of Centaline Property, pointed out that the housing loan situation in various cities is closely related to the performance of the property market.
Recently, the transaction volume in many cities in the south has greatly increased, and the demand for loans has soared. Although the banks have not deliberately controlled the supply of loans, the relatively huge demand has definitely not enough.
In Beijing and many areas in the north, transactions in the property market are stable or even light, and there is not much demand for loans, so the quota is not tight, and the interest rate has not risen.
Zhang Dawei believes that this time the housing loan quotas in many southern cities are in a hurry, not the result of policy regulation, but mainly due to market reasons.
The latest statistics from Centaline Real Estate Research Center show that in the first half of this year, the number of second-hand housing transactions in Beijing reached 110,000, the highest point in the second half of 2016, and the number of new residential online transactions exceeded 30,000, a record of the past 8 years. The highest point of the same period.
However, in Zhang Dawei's view, the current warm winter of Beijing's real estate market is far from Xiaoyangchun.
He believes that the Beijing market is the most stable property market in first- and second-tier cities in the country, and it is the most difficult to leverage housing purchases. Under this circumstance, the market is unlikely to experience high temperatures.
Beijing continues to reiterate that it will regulate once the market overheats, which has also curbed the overheating of the market.
Many insiders in the banking industry also believe that in the past two years, Beijing's housing prices have been stable, and expectations are also stable. Real estate regulation has achieved remarkable results.
In the future, the overall loan interest rate level in Beijing will remain stable, and the probability of further tightening is not very high.
Some market participants believe that if the Beijing property market quietly warms up in the second half of the year, it is not ruled out that interest rates will rise with the increase in loan demand.
But judging from the current situation, even if it rises, there will not be much room for it.
This group of articles / our reporter Cheng Jie
Coordinator/Yu Meiying