The favorable mortgage policy has landed, and the interest rate of the first home loan in many places has dropped below 4%

Public trust. Com10 June 12 reported that in the last two days of September, many departments issued favorable policies for the first home loan interest rate and the first personal housing provident fund loan interest rate. Since then, many posts have been published from 1 June1and followed up.

In terms of provident fund loans, various localities frequently announced interest rate reduction policies; In terms of commercial loans, many places have entered the level of the first home loan interest rate below 4.0%.

First-tier cities join the team to reduce the interest rate of provident fund loans

On June 5438+00, according to the Beijing Housing Provident Fund Hotline, the first-tier cities in Beijing lowered the interest rate of the first individual housing provident fund loan.

At present, Beijing housing provident fund loans for managed houses are subject to the interest rate of 2.6% for less than five years (including five years) and 3. 1% for more than five years, and the new interest rate can be implemented for paying new houses for employees. In addition, the interest rate of the first home housing provident fund loan will be adjusted from 1 next year.

This is also the result of implementing the decision-making arrangements of the People's Bank of China. According to the notice issued by the central bank on September 30th, the interest rate of the first individual housing provident fund loan has been lowered by 0. 1 0/5 percentage points since June 65438+1,the interest rate for less than five years (including five years) has been adjusted to 2.6%, and the interest rate for more than five years has been adjusted to 3. 1%.

According to rough statistics, up to now, many cities such as Hangzhou, Nanjing, Shijiazhuang, Chengdu, Harbin, Hefei, Nanchang, Zhengzhou, Jiaxing, Huzhou, Ningbo, Dongguan, Wuxi, Nanning and Maanshan have indicated that they will adjust the interest rate of the first individual housing provident fund loan according to regulations.

Miss Lin, a citizen of Changsha who has applied for provident fund loans and lent money, deliberately turned out the contract at that time. The contract states: "In case of adjustment of the benchmark interest rate of provident fund loans announced by the People's Bank of China, the interest rate of provident fund loans under this contract will be adjusted accordingly from 65438+ 1 in the following year, without further notice to the borrower."

"This is of course good news. I calculated that from June 5438+next year 10, the provident fund was less than tens of dollars per month, and tens of thousands of dollars were saved after more than 20 years. " Miss Lin said.

Specifically, a provident fund loan with a fixed term of 30 years of 6,543,800 yuan+0,000 yuan, if converted into a new interest rate, the total loan interest under the matching principal and interest loan method will be reduced by about 30,000 yuan, and 82 yuan can be paid less every month.

However, it is worth noting that the interest rate reduction of provident fund loans is only for the first suite. Wang Xiaotong, chief analyst of Zhuge Housing Search Data Research Center, pointed out that this once again reflects the credit policy's support for the just-needed, and the sales end of the property market is expected to be further repaired.

Since the beginning of this year, the optimization and adjustment of provident fund policy has become one of the important means to support the real estate market in various places. In addition to the direct reduction of interest rates, the down payment ratio of provident fund housing has decreased, the loan amount has increased, and immediate family members are available.

Chen Wenjing, director of market research in the Index Division of the Institute, said that the reduction of the interest rate of provident fund loans will further strengthen the influence of the provident fund policy, thus driving the gradual recovery of the real estate market.

The interest rate of commercial loans for the first home in many places fell below 4%

The main reason behind the reduction in the interest rate of provident fund loans is actually the decline in the interest rate of commercial loans. For a long time, the interest rate of provident fund loans is often adjusted synchronously after the interest rate of commercial loans, maintaining a relatively stable spread.

Different from the national basic unified provident fund loan interest rate, the difference in loan interest rates of commercial banks around the country also gives local governments relatively greater autonomy space for "one city, one policy".

The People's Bank of China and the China Banking Regulatory Commission issued a notice on the 29th, deciding to adjust the differentiated housing credit policy in stages. Eligible city governments can independently decide to maintain, reduce or cancel the lower limit of the first set of local new housing loan interest rates before the end of 2022.

The latest LPR data shows that the lower limit of the lowest interest rate of the first home loan previously implemented in various places is 4. 1%. After the announcement, the number of cities with interest rates "breaking 4" gradually increased, and Jining, Qingyuan, Zhanjiang, Wuhan and other places were lowered one after another. For example, Qingyuan can achieve an interest rate of 3.7%, and Jiangmen, Yunfu, Zhanjiang and other places even canceled the lower limit of interest rates.

On the 7th, a property consultant in Wuhan advertised in a circle of friends that "the interest rate of the first home loan in Wuhan started to be implemented at 3.9%". Regarding the specific implementation, she said: There is no clear plan yet, but there are already docking banks in communication. At present, it is probably implemented until the end of the year.

"Adjusting the interest rate of the first home loan in many places has fully implemented the policy orientation before the National Day holiday, which is the embodiment of further lowering and relaxing the mortgage interest rate." Yan Yuejin, research director of the think tank center of the research institute, believes that this has positive significance for boosting the property market transaction in the fourth quarter.

"It is expected that more cities will follow up in the future, and the reduction of mortgage interest rates will be more obvious." Jaco, president of Kedu Real Estate Research Institute Branch, believes that the adjustment cycle of the current real estate market will be relatively long, especially the pace of recovery in different cities is still quite different. Overall, the real estate market is still in the process of bottoming out in the fourth quarter of this year.