Tianjin immediately implemented the first home loan interest rate to 4.4%

The interest rate of the first home loan in Tianjin is 4.4%.

On May 17, relevant banking institutions held a meeting to approve Tianjin to implement the minimum authority, and the interest rate of the first home loan can be reduced to 4.4%, which will be implemented from now on. It is reported that Agricultural Bank of China, Bank of China and Bank of Communications have been implemented.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that the Tianjin policy has a very strong signal significance, which fully shows that the interest rate of 4.4% was officially born. If we don't consider the difference between the first suite and the second suite, according to the national mortgage interest rate of 5.42% announced by the central bank in the first quarter, the interest rate of 4.4% is equivalent to a 20% discount on the basis of the national average interest rate, which is obviously the largest in history. This effort to lower mortgage interest rates has had a major impact.

According to Kerui's data, from June 5438 to April this year, Tianjin's commercial housing network signed10.9 million sets, down 45% year-on-year, almost halved. In April, the supply of commercial housing in Tianjin decreased by 33%, and the transaction volume decreased by 52%.

On May 15, the Central Bank and the China Banking Regulatory Commission jointly issued the Notice on Issues Related to Adjusting Differentiated Housing Credit Policies. For households who purchase ordinary self-occupied housing by loans, the lower limit of the interest rate of the first set of commercial personal housing loans is adjusted to not less than the quoted interest rate of the loan market minus 20 basis points in the same period, and the lower limit of the interest rate policy of the second set of commercial personal housing loans is implemented according to the current regulations.

Previously, it was stipulated that the interest rate of the first set of new personal housing loans should not be lower than the corresponding term LPR (according to the LPR of more than five years on April 20, 4.6%); The interest rate of the second set of personal housing loans shall not be lower than the LPR plus 60 basis points in the same period (calculated by LPR of 5.2% for more than five years on April 20). The adjusted New Deal means that the interest rate of the first individual housing loan is not less than 4.4%; The interest rate of two sets of personal housing loans remains unchanged, and the lower limit is still 5.2%.

Statistics from the National Bureau of Statistics show that from June 20438 to April 2022, investment in real estate development decreased by 2.7%. The national commercial housing sales area was 397.68 million square meters, down 20.9% year-on-year; The sales volume of commercial housing was 3,778.9 billion yuan, down by 29.5%.

Yan Yuejin said that although mortgage interest rates have generally declined in recent two years due to the downward adjustment of LPR and benchmark adjustment, based on the current real estate market situation, it is obvious that interest rates will decline and will drop significantly. This decline in interest rates is essentially to better protect the just-needed and improved housing demand, which has a positive effect on boosting the market and is bound to reverse the decadent situation of the real estate market. Market expectations will obviously be affected. After all, the rapid, clear and unified work of lowering the mortgage interest rate has created better conditions for local governments, housing enterprises, banks and buyers to re-evaluate the trend of the real estate market.