Zhongxin Finance, May 20 (Reporter Xia Bin) Official news on the 20th showed that the LPR of more than 5 years was adjusted from 4.6% last month to 4.45%. What impact will this have on the real estate market and residents' purchases?

  Authoritative experts told Zhongxin Finance that, unlike corporate loans, personal housing loans have a long term. At present, more than 99% of personal housing loan interest rates are linked to LPR with a term of more than 5 years.

  Recently, the People's Bank of China and the China Banking and Insurance Regulatory Commission issued the "Notice on Issues Concerning Adjustment of Differential Housing Credit Policies", which adjusted the lower limit of the interest rate of commercial personal housing loans for the first set of housing newly issued at the national level from LPR to LPR-20BP, and the lower limit of the interest rate of the second set of housing loans. Keep LPR+60BP.

  Experts said that after the adjustment, according to the latest LPR calculation, the personal housing loan interest rate can be as low as 4.25% for the first home and 5.05% for the second home.

The decline of LPR with a period of more than 5 years will help implement the spirit of the Political Bureau of the Central Committee, support rigid and improved housing demand, reduce the pressure on residential mortgage interest, stabilize investment, consumption and macroeconomic fundamentals, and promote the stable and healthy development of the real estate market.

  In addition, this LPR adjustment will have an impact on both newly issued and existing personal housing loans.

Experts said that for newly issued commercial personal housing loans, the interest rate will be immediately lowered by 15 basis points. On May 15, the central bank and the China Banking and Insurance Regulatory Commission will adjust the lower limit of the interest rate of newly issued commercial personal housing loans at the national level from LPR to LPR- 20BP, households who newly apply for housing loans will usher in a double benefit, and households who buy a second home will also benefit from it.

  Experts also pointed out that for the existing commercial personal housing loans, the interest rate agreed by the buyer and the commercial bank will be re-priced by 15 basis points.

Based on the loan amount of 500,000 yuan, the term of 30 years, and the equal principal and interest repayment, the average monthly payment can be reduced by about 45 yuan, and the interest expense will be reduced by about 16,000 yuan in the next 30 years.

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