China News Agency, Beijing, June 20 (Reporter Pang Wuji) In June, the interest rate quoted in the Chinese loan market was the same as the previous month.

Mortgage interest rates in key cities continued to fall.

  On the 20th, the People's Bank of China authorized the National Interbank Funding Center to announce the latest LPR (Loan Market Quote Rate).

The data shows that the 1-year LPR is 3.7%, and the 5-year LPR is 4.45%, both unchanged from the previous month.

  Liu Lijie, a market analyst at Shell Research Institute, believes that there are three factors that affect the unchanged LPR in June: First, the LPR over a five-year period in May has been reduced by 15 basis points, and it will take time for the policy effect to be released; second, various measures to stabilize growth have entered the stage of implementation. , the overall monetary policy is in the effect observation period, and the possibility of LPR falling again in the short term is low; third, the recent Fed rate hike, and the stable domestic monetary policy will help to balance the internal and external balance.

  However, mortgage rates continue to fall across the country.

In May, the decline in LPR with a maturity of more than five years drove the lower limit of the first and second home loan interest rates to 4.25% and 5.05%, respectively.

City Bank adjusts in a timely manner.

  The mainstream housing loan interest rate data in key cities released by the Shell Research Institute in June showed that the mainstream first-home loan interest rate in the 103 key cities monitored was 4.42%, and the second-home loan interest rate was 5.09%, down 49 and 23 basis points from the previous month, respectively. It hit a new low since 2019; the average lending cycle in June was 29 days, the same as the previous month.

  That month, 56% of the 103 cities had their first and second home loan interest rates lowered to the lower limit.

  The decline in mortgage interest rates combined with the reduction of down payment and the cancellation of mortgage subscriptions in some cities will help improve the purchasing power of home buyers and speed up market transactions.

Data from the Shell Research Institute shows that in the first half of June, the average daily transaction volume of second-hand housing in the 50 key cities monitored exceeded 20% compared with the average daily level in May.

Liu Lijie believes that more than 40% of the current 103 cities have housing loan interest rates higher than the lower limit, and there is still room for interest rate cuts in the future. Combined with the increase in local policy support since June, this is conducive to the restoration of market transactions in June and the second half of the year.

(Finish)