The first home loan interest rate is "adjusted twice in six days": some banks in Tianjin, Chongqing, Nantong, Suzhou and other places are the first to reduce it to 4.25%

  On the occasion of "520", supervision has released a lot of love for stabilizing the macroeconomic market and the development of the real estate market.

  On the same day, the National Interbank Funding Center authorized by the People's Bank of China announced that the latest market quoted interest rate (LPR) of the loan is: 1-year LPR is 3.7%, unchanged from the previous value, and LPR for more than 5 years is 4.45%. It is down 15 basis points from the previous value of 4.6%.

This is also the second adjustment to the first home loan interest rate within six days.

The first adjustment was on May 15, when the central bank and the China Banking and Insurance Regulatory Commission announced that they would cut the lower limit of the first home loan interest rate by 20 basis points.

The rapid response of banks in many places dropped to 4.25%

  The reporter of Securities Daily noticed in the investigation and interview that after the announcement of the adjustment notice, banks in some regions have acted quickly.

  As of the press release, some banks in Tianjin, Nantong, Suzhou, Qingdao, Jinan, Chongqing and other places have lowered the interest rate for first home loans to a minimum of 4.25%.

  An industry insider interviewed by a reporter from the Securities Daily said that after the two mortgage interest rate adjustments, the lower limit of the first mortgage interest rate will drop by up to 35 basis points.

In the next stage, we should adhere to the principles of "adjusting measures to local conditions" and "one policy for one city", further optimize real estate financial policies, and better achieve the goal of "stabilizing land prices, housing prices, and expectations".

  Two major meetings within 22 days mentioned "the stable and healthy development of the real estate market", releasing a positive signal of stabilizing the real estate market.

  On April 29, the Political Bureau of the Central Committee of the Communist Party of China held a meeting and emphasized that "support all localities to improve real estate policies based on local conditions, support rigid and improved housing needs, optimize the supervision of pre-sale funds for commercial housing, and promote the stable and healthy development of the real estate market."

On May 18, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, hosted a symposium in Yunnan. The meeting pointed out that "urbanization is an inevitable trend. It is necessary to stabilize land prices and house prices, support residents' reasonable housing needs, and maintain the stable and healthy development of the real estate market." .

  Dong Ximiao, chief researcher of China Merchants Union Finance, told the "Securities Daily" reporter that the above meeting will further optimize and adjust real estate financial policies, boost confidence in the real estate market, stimulate housing consumption demand, and better achieve the goal of "stabilizing land prices, housing prices, and expectations". indicated the direction.

  Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, said that cities with mainstream interest rates of 5.0% and above are relatively unlikely to drop to 4.4% at one time.

Although other cities will have a downward adjustment, it is difficult to directly lower the adjustment at one time, or it requires more than two frequency.

After a lapse of 4 months, LPR has dropped again. First-tier cities have adjusted their actions

  Following the regulatory announcement on May 15 that the lower limit of the first home loan interest rate was lowered by 20 basis points, on May 20, the 5-year LPR quotation mainly for residential mortgages was also lowered by 15 basis points.

  "This shows that the policy is increasing in the face of targeted interest rate cuts in the real estate market, aiming to curb the downward trend of real estate." Wang Qing, chief macro analyst of Oriental Jincheng, told reporters that the current real estate market is sluggish, the demand for housing loans is weak, and the market balance is tilting towards lenders. , which is also a direct reason for the quotation line to lower the 5-year LPR quotation.

  After the LPR adjustment, the reporter immediately followed up on the latest situation in multiple cities.

  The reporter learned from many sources that the interest rate of the first home loan in Beijing has been reduced from 5.15% to 5%, and the second home loan interest rate has changed from 5.65% to 5.5%.

The sales manager of a real estate brokerage company in Beijing calculated an account for the reporter. Based on a loan of 1 million yuan, a period of 25 years, and equal principal and interest repayment, the monthly payment for the first house can save 87.83 yuan per month, and the monthly payment for the second house saves 87.83 yuan per month. 89.91 yuan.

  "The loan business will be adjusted on the interest rate re-pricing date (usually January 1st of each year) agreed by the buyer and the commercial bank; the loan business that has been approved but not loaned will implement the latest interest rate when the loan is released. Provident fund and portfolio loan The provident fund part of the company will not be affected," said the above sales manager.

  At the same time, the reporter learned from a number of large state-owned banks and joint-stock banks in Shenzhen that from May 20, the first home loan interest rate has been adjusted to 4.75%; %.

According to a real estate consultant in Shenzhen, before May 20, the first home loan interest rate in Shenzhen was 4.9%.

  "Before the LPR adjustment, the first home loan interest rate in Guangzhou was generally 5%. If the customer has excellent qualifications and strong repayment ability, they can apply for a low interest rate of 4.8% at least." A consultant of a real estate company in Guangzhou told reporters that after the LPR adjustment, Guangzhou City The four major banks currently have a first-home loan interest rate of 4.65%.

  Mortgage interest rates in Chengdu, a new first-tier city, were also quickly updated.

A staff member of a joint-stock commercial bank in Chengdu told reporters: "Chengdu's current mortgage interest rate for the first home is 4.45%, and the second home loan interest rate is 5.05% (LPR+60bp), which will be implemented from now on."

  In Yan Yuejin's view, this LPR reduction will also further guide the adjustment of the lower limit of mortgage interest rates.

This means that the current low interest rate of 4.4% in many cities across the country may not be the bottom of the mortgage interest rate during the year, and the subsequent mortgage interest rate may be further reduced.

  "After the LPR adjustment and the regulator's adjustment of the lower limit of the first-home loan interest rate, local branches will flexibly adjust according to local policies and conditions." The person in charge of a relevant department of a joint-stock commercial bank told reporters.

The positive effect is gradually emerging, and the continuous introduction of supporting policies is expected to be strong

  Currently facing the complicated domestic and international situation, the financing needs of the real economy are weak, and it is necessary to guide financial institutions to continue to reduce the financing costs of the real economy, and promote the steady recovery of the investment and consumption ends.

Among them, the healthy and stable development of the real estate market is one of the important focuses for stabilizing growth. At present, most commercial banks have fine-tuned their first home loan policies, such as lowering loan interest rates and speeding up lending.

  Dong Ximiao believes that in the next step, more supportive policies should be adopted on how to meet the needs of improving housing, such as appropriately relaxing loan conditions, changing the "housing subscription and loan subscription", and discriminating against home buyers who have already settled their loans.

The financial management department should optimize the regulatory requirements in a timely manner, and support commercial banks to better serve the consumers of improved housing, such as reducing the down payment ratio for second homes, and lowering the interest rate of second home loans.

  At the same time, Dong Ximiao suggested that in the process of policy optimization and adjustment, financial management departments, commercial banks and local governments should adhere to the principle of "adjusting measures to local conditions" and "one city, one policy".

For cities with a long residential destocking cycle and greater pressure to "stabilize housing prices", the intensity and pace of policy adjustment can be appropriately increased.

Some third- and fourth-tier cities can also explore the introduction of the third set of housing loan policies.

In addition, it is more important to adhere to the "simultaneous development of rental and purchase", vigorously develop the long-term rental market, promote the construction of affordable housing, and accelerate the exploration and development of new development models for real estate.

Relevant departments and local governments should actively introduce supporting policies and measures to support and promote the transformation of the real estate market to a new development model.

  It should be noted that for the future real estate market, industry insiders generally believe that in addition to paying attention to the changes in LPR and mortgage interest rate adjustments to the cost of buying a house, it is also necessary to pay attention to the recent adjustment of many financial policies.

  Securities Daily reporter Wu Shan trainee reporter Yang Jie

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