Mortgage interest rates in Beijing are stable
loan quotas are tight at the end of the year, banks and customers wait for the release of new quotas next year
News from our newspaper (Reporter Cheng Jie) Recently, news of a reduction in mortgage interest rates has been reported in other cities.
How is the housing loan market in Beijing?
Yesterday, a reporter from the Beijing Youth Daily learned from real estate intermediaries that mortgage interest rates in Beijing have been stable and unchanged. However, as the end of the year approaches, the loan quotas of various banks are very tight, and banks and customers are waiting for the release of new quotas next year.
It is reported that the current housing loan market interest rate in Beijing still implements the standard of LPR (loan market quote rate) + 55 basis points for the first home interest rate and LPR + 105 basis points for the second home interest rate, that is, the first home interest rate is 5.2% and the second home interest rate is 5.7. %.
Most of the new customers applying for mortgages apply this standard.
For many existing mortgage customers, interest rates may change after January 1 next year.
The repricing cycle of most housing loans in my country is one year, and the repricing date of the housing loan interest rate for many existing customers is January 1st of each year, and the housing loan interest rate of the year will be updated based on the LPR at that time.
Whether the mortgage interest rates of these customers will be adjusted next year depends on whether there are changes in the LPR data released by the central bank on December 20.
Xiao Wang, an intermediary in Chaoyang District, told the Beijing Youth Daily that he had not heard the news of the decline in interest rates on mortgages in Beijing recently.
A few days ago, he helped his clients to go to a large state-owned bank to check the progress of the loan. The bank said that the batch of clients who had just been scheduled to approve loans in September.
"At the end of the year, many banks have no quotas. The slow lending is expected. After New Year's Day it should be fast, and the quotas for 2022 will be released at that time." Xiao Wang said.
Last week, the central bank released data showing that in November 2021, household loans increased by 733.7 billion yuan, of which the main medium and long-term loans increased by 582.1 billion yuan.
In October this year, medium and long-term household loans only increased by 422.1 billion yuan, compared with 504.9 billion yuan in October last year.
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Central Bank: New personal mortgage loans of 401.3 billion yuan in November
On December 13, the latest data released on the official Weibo of the People's Bank of China showed that at the end of November 2021, the balance of personal housing loans was 38.1 trillion yuan, an increase of 401.3 billion yuan that month, an increase of 53.2 billion yuan over October.
According to other reports, at the end of November, real estate loans from banking financial institutions increased by more than 200 billion yuan year-on-year. Among them, the balance of personal housing loans increased by more than 110 billion yuan year-on-year, and development loans increased by more than 90 billion yuan year-on-year.
Financial institutions continued to improve their real estate financing behavior.
According to analysis by Zhang Dawei, chief analyst of Centaline Real Estate, whether it is a month-on-month or a year-on-year basis, personal mortgages in November have increased significantly, indicating that real estate mortgage credit is gradually recovering.
According to the data on housing loans in November, the problem of queuing up mortgage backlogs will be resolved soon, and it is likely that the market will ease significantly around the Spring Festival.
Zhang Dawei emphasized that credit data is the core factor affecting housing prices.
Looking at it now, it is a trend that the real estate market will remain stable from the end of 2021 to 2022.
In the evening of December 3, the spokesperson of the China Banking and Insurance Regulatory Commission stated in response to reporters that the China Banking Regulatory Commission will earnestly implement relevant national policies, and under the premise of implementing the prudential management of real estate finance, guide bancassurance institutions to do a good job of financial management in the real estate and construction industry. Serve.
At this stage, it is necessary to focus on satisfying the mortgage needs for first homes and improved housing, reasonably issue real estate development loans and M&A loans, increase support for guaranteed rental housing, and promote the steady and healthy development of the real estate industry and the market.
This group of articles / our reporter Cheng Jie