Since the beginning of this year, from the controversy of the “Xiaoyangchun” in the property market, to the relaxation of the settlement policy in the second and third tier cities, and to the notice of “granting the house and repaying the loan” just issued by the State Administration Provident Fund Center, every move of the property market has affected the nerves of all parties.
However, for those who just need to calculate, how to reduce the cost of buying a home. In the purchase cost, in addition to down payment, taxes and fees, the most important expenditure is loan interest. Then, the average housing loan in the countryinterest rateHigh and low, housing loans in various citiesinterest rateWhat is the future, the interest rate of future mortgage loans has become a concern of buyers.
According to the latest monitoring data of Rong 360, the average interest rate of the first home loan in China is 5.56%, which has returned to the level of April last year. In March, another 138 banks lowered the mortgage interest rate, more than three times the chain; Among the 35 cities, Xiamen's first home loan has the lowest average interest rate, which is the same as the benchmark interest rate. The national second-home loan average interest rate was 5.89%, which has been the fifth consecutive month of decline, down 10BP compared with 5.99% in February.
National first home loan
Average interest rate fell to 5.56%
In the hot years of the property market in the past few years, mortgage interest rates have risen for more than 20 months, and some regions have risen by 30% to 50%. However, under the strict and strict property market regulation, the property market speculation gradually cooled down and cooled, and the mortgage interest rate began to turn downward after reaching the peak.
According to the monitoring data of the 360 Big Data Research Institute, the average interest rate of the first home loan in the country was 5.56% in March, which was 7BP lower than that in February. The average interest rate of the first home loan fell for 4 months and returned to the level of April last year. Among the 35 cities monitored, a total of 29 cities had a decline in the first home loan interest rate. Among them, the first-home loan interest rates in first-tier cities Beijing and Shanghai were the same as in February, while Guangzhou and Shenzhen continued to decline, down 10BP and 21BP respectively. Xiamen fell the most, down 46 BP, and Fuzhou and Tianjin fell more than 30 BP.
In March, another 138 banks cut their mortgage interest rates, more than three times in February. Among the 533 banks in the 35 cities monitored, the interest rate of the first home loan of 15 banks (sub) branches increased, accounting for 2.81%, an increase of 13 banks (sub) branches; there were 138 bank branches. Interest rates fell, accounting for 25.89%, an increase of 94 from the previous month; 376 banks (stipulated) the first home loan interest rate was flat, 107 fewer than the previous quarter, accounting for 70.54%.
Overall, in this round of downward trend, Shenzhen and Guangzhou in the first-tier cities have been continuously lowered, and there is not much room for further reduction in the second quarter; second-tier cities have basically been downgraded for one round, and Kunming, Zhuhai, Haikou and Chengdu have not been lowered. In six cities, Wuxi and Nanning, it is expected that mortgage interest rates will remain stable in the short term. Of course, this depends mainly on whether the local real estate policy will undergo major changes.
Future national mortgage interest rate
It is still possible to continue down
From the national second-home loan interest rate changes, in March, the national second-home loan average interest rate was 5.89%, down 10BP from last month, which has been the fifth consecutive month of decline, and the largest decline, with 5.99 in February % is down by 10BP.
Among the 533 bank branches and branches in 35 cities, the second-home loan interest rate has 72 execution benchmarks that have risen by 10%, an increase of 39 from the previous month; 56 implementation benchmarks have risen by 15%, compared with the previous month. 12; 230 implementation benchmarks rose by 20%, a decrease of 4 from the previous month; 149 banks implemented a benchmark interest rate increase of more than 20%, a decrease of 47 from the previous month.
From Beijing and Shanghai, the average interest rate of the first home loan in Beijing was 5.43%, and the average interest rate of the second home loan was 5.88%. Among the 30 bank branches and branches monitored in Beijing, the interest rates implemented by each bank did not change from the previous month. Overall, it is still the first set of universal implementation benchmarks to rise 10%, and the second set of universal implementation benchmarks to rise 20%. The average interest rate of the first home loan in Shanghai was 5.06%, and the average interest rate of the second home loan was 5.56%, which was the same as that of the previous month. The 30 bank branches monitored and the first-home loan interest rates of each family did not change.
From the perspective of real estate policy, since the beginning of 2019, many cities have let goSocial securityRestrictions, subsidies for housing purchases, and support for supporting facilities have relaxed the settlement policies to attract talents, and gradually spread from first- and second-tier cities to third- and fourth-tier cities, which will promote the stability of the relevant city property market to a certain extent. According to 360 analysis, in the future, the interest rate of future mortgage loans may continue to decline.
(Article source: Securities Daily)