The lower limit of the first home loan interest rate is 4. 1%.
The specific explanation is as follows:
Authorized by the People's Bank of China, the National Interbank Funding Center announced that the LPR for 1 year was 3.65%, and that for five years and above was 4.3%, both unchanged from last month. Since the interest rate cut in August, the quoted interest rate (LPR) in the loan market has remained unchanged for two consecutive months.
Since the beginning of this year, the five-year LPR has been lowered three times, with a cumulative reduction of 35 basis points. The lower limit of the first home loan interest rate has been reduced to 4. 1%, and the lower limit of the second home loan interest rate is 4.9%.
The interest rate of the first individual housing loan newly issued shall not be lower than LPR in the same period (LPR 654381October 20, 4.3% for more than five years); 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 4.9% for more than 5 years on 20 October 2008/KLOC-0).
According to the Notice of the People's Bank of China and the Insurance Regulatory Commission of the Bank of China on May 15 this year, the lower limit of the interest rate of the commercial personal housing loan for the first home was adjusted to not less than the quoted interest rate in the loan market for the same period minus 20 basis points, so the lower limit of the interest rate of the first home loan in various places was 4. 1%.
Is the interest rate of commercial loans lowered and the interest rate of provident fund lowered?
First of all, answer directly.
After the mortgage interest rate is lowered, the provident fund will not be lowered.
Second, the specific analysis
The mortgage interest rate refers to LPR, and the provident fund refers to the benchmark interest rate of provident fund loans, which are different. Therefore, when LPR is lowered, the interest rate of provident fund loans will not be adjusted.
Only when the benchmark interest rate of the provident fund is adjusted and the provident fund loan is applied, the interest rate of the provident fund loan will be adjusted. For users who have applied for provident fund loans, the interest rate of provident fund will be adjusted, and the mortgage interest rate of users will not be affected.
After the mortgage interest rate is lowered, only the commercial loan interest rate may be lowered, and the user's mortgage interest rate must be subject to LPR floating interest rate, so that the user's mortgage interest rate will be adjusted on the interest rate adjustment date. Although the interest rate of provident fund loans will not be adjusted, because the interest rate of provident fund loans is lower than that of commercial loans, it is more cost-effective for provident fund loans even if it is not adjusted.
Users can apply for provident fund loans. It is recommended to apply for provident fund loans first. When the loan amount is insufficient, you can apply for a portfolio loan. If you can't apply for a provident fund loan, you can apply for a commercial loan.
Online loan users can also check their credit qualifications by docking the third-party big data risk control platform. For example, Xiaoqi Credit Information and Beijian Quick Check have established data cooperation with more than 98% online loan institutions in the market, so their query results are very accurate. Intuitively, you can not only know your own big data and credit situation, but also get various indicator data.
The blacklist data of online loans is shared by most loan platforms, which means that if the borrower fails to pay back the money on one platform, such bad records will also be made public on other loan platforms, so everyone must be careful to maintain their online loan credit, otherwise they will not be able to obtain online loan products with good personal credit when they encounter economic crisis again.
Third, if house prices fall, will the mortgage interest rate be lowered?
In fact, the decline in house prices is not directly related to the mortgage interest rate, because house prices are set by developers and mortgage interest rates are set by banks. However, the decline in house prices will affect the loan amount, because house prices have fallen, and the loan amount will also decrease under the same down payment ratio.
For example, the price of a house that the borrower originally liked was 6.5438+0 million, with a down payment of 30% or 300,000 and a loan amount of 700,000. Later, the developer reduced the house price by 6,543,800+to 900,000, with a down payment of 30% to 270,000 and a loan of only 630,000.
Of course, it is also possible that house prices will fall and mortgage interest rates will also fall, which can only be said to be a coincidence. Note that the reduction of mortgage interest rate also depends on the type of mortgage, that is, whether the mortgage is a commercial loan or a provident fund loan. The interest rates of the two loans are different and the changes are different.
The general downward adjustment of mortgage interest rate is aimed at pure commercial loans, because the interest rate of provident fund loans is implemented according to the benchmark interest rate of provident fund loans and generally will not change; The newly issued pure commercial loans are priced based on the LPR interest rate. With the fluctuation of LPR, pure commercial loans will also be lowered when the LPR interest rate is lowered.
If the mortgage interest rate is lowered, will the monthly mortgage payment be reduced?
First of all, answer directly.
As long as the borrower's mortgage meets the following three conditions, the monthly interest rate reduction will be lower.
Second, the specific analysis
1. Buying a house through a commercial loan
The common ways to purchase houses by loans are provident fund loans and commercial loans, in which the interest rate of provident fund loans is based on the benchmark interest rate of provident fund loans, and the lowered interest rate is LPR interest rate, so the interest rate of provident fund loans is not affected.
Only the commercial loan interest rate can change with the interest rate reduction, and the monthly supply will also decrease accordingly.
2. LPR interest rate is applicable to mortgage loans.
From 20 19 10 8, new commercial loans are priced on the basis of LPR in the same period of last month, and existing mortgages can also be priced at LPR interest rate.
The borrower can check the current mortgage pricing method in the loan contract and confirm that it is the LPR interest rate, so he can wait for the monthly payment to decrease.
3. The interest rate will be lowered before the repricing date.
Only the interest rate lowered before the repricing date will affect the change of mortgage interest rate.
Because the mortgage interest rate is adjusted once a day, the adjustment time is the repricing day, with reference to the LPR of the same period in the last month.
Note that there are generally two kinds of repricing dates, one is 65438+ 10/month 1 year, and the other is the loan release date, which will be stipulated in the loan contract.
If it is not because of overdue illegal households, then we should look for other reasons, such as whether the frequency of applying for online loans is too high. If you are not clear, you can go to Beijian to check. As long as you know what causes you to become a black household, you can improve online loan big data according to the reasons.
3. Is there any way to reduce the monthly payment?
The following two methods can reduce the monthly supply.
1, business to public
After buying a house with a commercial loan, if the borrower subsequently meets the conditions of provident fund loan and can handle business transfer, the interest rate shall be subject to the provident fund loan rate.
The interest rate of provident fund loans is lower than that of commercial loans, which is equivalent to lowering interest rates and reducing monthly payments.
Note that the business of transferring to public sector needs the consent of the original commercial loan bank, and then apply for a loan from the local housing provident fund center after approval, and then pay off the remaining principal of the original commercial loan with self-raised funds, and the amount cannot be higher than the remaining amount of the original commercial loan, which is subject to the requirements of the local housing provident fund.
2. Partial prepayment
If the borrower can't pay off the mortgage in advance in one lump sum, he can repay it in part in advance.
At that time, the bank will ask the borrower to pay back the same amount from 1. The repayment period (number of installments) will be reduced.
It is also necessary to pay attention to the source of funds for repaying loans in advance. The borrower can't use the money obtained from other loans to repay the loan, but must use the funds obtained from reasonable family income, or withdraw the balance of the borrower's and spouse's housing provident fund account to repay the commercial loan.
Choosing to withdraw the housing provident fund requires the borrower's good credit, no overdue behavior, normal deposit of the provident fund account, and no suspension or delay of payment.
The number of withdrawals is generally once a year, and the withdrawal amount cannot exceed the repayment amount during the period.
Why is the mortgage interest rate lowered, but the monthly supply remains unchanged?
First of all, answer directly.
1. The mortgage type does not meet the requirements.
Second, the specific analysis
There are three kinds of mortgage loans: provident fund loans, pure commercial loans and portfolio loans, in which the interest rate of provident fund loans is still based on the benchmark interest rate, and only the interest rates of pure commercial loans and portfolio loans are based on LPR.
If the adjustment of LPR interest rate causes the loan interest rate in the mortgage market to drop, and the borrower buys a house through the provident fund loan because it is not affected by LPR interest rate, then no matter how the LPR interest rate is lowered, the borrower's monthly payment will remain the same as before.
2. Mortgage pricing does not meet the requirements.
Although new commercial loans are priced according to LPR basis point, many existing mortgage loans are not priced according to this point. For example, some people choose a fixed interest rate, or choose to price according to the previous benchmark interest rate. Even if the LPR interest rate is lowered, it has nothing to do with these two mortgage pricing methods.
For this reason, it is suggested that borrowers first compare their own mortgage pricing methods, then see if the mortgage interest rate will be adjusted, and finally determine whether the monthly supply will change.
3. The adjustment time does not meet the requirements
The adjustment of mortgage interest rate is not once a month, but once a year. The specific adjustment time shall be subject to the re-pricing date stipulated in the contract. Generally, there are two kinds, one is1+0 per year; One is the date of loan issuance.
Therefore, if the mortgage interest rate is lowered, it depends on whether it is before or after the repricing date.
For example, if the repricing date of pure commercial loans is 65438+ 10/month 1, the mortgage interest rate will be lowered only if the LPR interest rate is lowered in the previous year.
However, if the LPR interest rate is lowered after the mortgage interest rate is re-priced, the mortgage interest rate of that year will remain unchanged, and the monthly supply will naturally not decrease.
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3. Why is the monthly mortgage interest rate lowered?
If the monthly mortgage interest rate has not changed, it is likely to be caused by the following reasons.
1, the interest rate of LPR is lowered, and the mortgage is a provident fund loan, and its interest rate is not linked to LPR, so it is naturally unaffected.
Only when the benchmark interest rate of bank loans is lowered, the new interest rate will be implemented from 65438+ 10/in the following year, and then the monthly payment will change.
2. Commercial loans choose a fixed interest rate, so they will always be implemented according to the interest rate agreed in the contract and remain fixed, so the monthly payment will naturally remain unchanged.
3. Although commercial loans are subject to LPR floating interest rate, the re-pricing date has not yet arrived, so the original interest rate is temporarily implemented, and the monthly supply will naturally remain unchanged for the time being.
When the repricing date comes, the new interest rate will be obtained by calculating the specified basis point according to the latest LPR quotation. After the implementation of the new cycle, the monthly supply will change (note that there are generally two options for the repricing date, namely, the lending date or 1+0).
In what month was the loan interest rate lowered for the first time in 2022?
A: It was June 5438+10. According to the decision of the People's Bank of China, the interest rate of the first individual housing provident fund loan will be lowered by 0. 1 day from June 65438+1day, 2022. The interest rate of provident fund loans in Fujian Province is adjusted as follows:
I. Interest rate adjustment of new individual housing provident fund loans from June, 2022 10 (inclusive)
(1) Starting from June 65438+ 10/day in 2022, the interest rate of individual housing provident fund loans will be determined according to the number of housing units in employees' families.
(2) The interest rate of the first individual housing provident fund loan will be lowered by 0. 15 percentage point, and it will be 2.6% for less than 5 years (including 5 years) and 3.1%for more than 5 years; The interest rate of the second set of personal housing provident fund loans is 3.025% for less than 5 years (including 5 years) and 3.575% for more than 5 years.
(3) For those who apply for portfolio loans to purchase houses, the interest rate of individual housing commercial loans shall be subject to the corresponding interest rate according to the standards set by commercial banks for determining the number of housing units.
The mortgage interest rate is lowered according to the actual loan period.
The mortgage interest rate is lowered according to the actual loan period.
Hello, after the general bank adjusts the interest rate, the interest rate of the unpaid part of the loan will also be adjusted. There are three specific forms: first, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, Agricultural Bank of China and China Construction Bank are all like this); The second is annual adjustment, that is, the new interest rate is adjusted and implemented every year of repayment (such is the case with China bank mortgage); Third, the two sides agreed that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment. The adjustment of the interest rate of provident fund loans is carried out every year 1 month 1 day. If the mortgage interest rate drops, it will take a year for the mortgage repayment person to implement the new interest rate. This is because it is fair to everyone and avoids unnecessary situations.
The new commercial personal housing loan interest rate has been adjusted!
On August 25th, the central bank issued a notice saying that since August 8th, 2065, 438+09, 65, 438+00, the new commercial personal housing loan interest rate was based on the loan market quotation (LPR) of the last month. Among them, the interest rate of the first commercial personal housing loan shall not be lower than the LPR in the same period, and the interest rate of the second commercial personal housing loan shall not be lower than the LPR plus 60 basis points in the same period.
According to this adjustment rule, based on the first new LPR released on August 20th, that is to say, the interest rate of the first suite is not less than 4.85% and that of the second suite is not less than 5.45% for new personal housing loans issued after June 8th.
"It is basically the same as the actual minimum interest rate of individual housing loans in China." The relevant person in charge of the central bank pointed out when answering a reporter's question.
In this regard, Li Wanfu, an analyst at Rong360 Data Research Institute, pointed out to the reporter of China Times that the central bank's intention to adjust the mortgage interest rate according to the new LPR benchmark is very obvious, that is, resolutely implement the positioning that "the house is for living, not for speculation" and keep the interest rate of personal housing loans basically stable. Therefore, from the short-term real interest rate level, it will only have a slight impact on a very small number of the best quality customers, and will have little impact on the vast majority of property buyers.
In addition, the above announcement of the central bank also pointed out that "all provincial branches of the People's Bank of China should guide the self-discipline mechanism of interest rate pricing in the provincial market in accordance with the principle of' policy according to the city', and determine the lower limit of interest rates for the first and second sets of commercial personal housing loans within their jurisdiction on the basis of the unified national credit policy and changes in the local real estate market situation."
"If the LPR interest rate is lowered in the later period, according to this regulation of the central bank, the minimum interest rates of the first and second home loans will naturally be lowered, but it should be noted that this only refers to the minimum interest rate, and the real interest rate will also be affected by regulatory policies and bank credit resources. It is expected that it is difficult to see a substantial and general decline in the implementation interest rate in the short term. " Li Wanbin said frankly.
Interest rate adjustment of newly issued commercial personal housing loans
On August 25th, the central bank issued the Announcement on Interest Rate Adjustment of New Commercial Personal Housing Loans.
According to the announcement, since 2065438+20091October 8, the new commercial personal housing loan interest rate is based on the loan market quotation (LPR) of the latest month, forming a new interest rate.
In this regard, the relevant person in charge of the central bank said that after the conversion of the pricing benchmark, the interest rate of the first set of individual housing loans newly issued nationwide shall not be lower than the corresponding term LPR (implemented at 4.85% of LPR for more than five years on August 20); The interest rate of two sets of personal housing loans shall not be lower than the corresponding period LPR plus 60 basis points (calculated as 5.45% according to the LPR of five years or more on August 20), which is basically equivalent to the actual minimum interest rate of personal housing loans in China at present.
E Yongjian, chief financial analyst of Bank of Communications Financial Research Center, also pointed out that the interest rate of new personal housing loans under the new mechanism, whether it is the first set or the second set, is basically the same as before.
Li Wanfu pointed out to the reporter of China Times that previously, according to explicit or implicit regulations, the interest rate of the first home loan was generally not lower than 10% of the benchmark interest rate, and that of the second home loan was generally not lower than 1. 1 times of the benchmark interest rate, so the calculated values were 4.4 1% and 5.39% respectively. By simply comparing these two sets of values, we can find that the minimum interest rate of the first home loan will rise from 4.4 1% to 4.85%, and the minimum interest rate of the second home loan will rise from 5.39% to 5.45%. If the LPR after 10.08 is maintained at the current level, theoretically speaking, the purchase cost of the best new mortgage borrower will increase.
However, according to the latest mortgage interest rate data of 35 cities released by Rong 360 Big Data Research Institute, there are very few cities that implement a 10% discount or even a 15% discount on the first home loan. In July, the interest rate of the first home loan in Shanghai alone was 4.84%, lower than 4.85%, and the average interest rate of the first home loan in 35 cities was 5.44%, significantly higher than 4.85%. As for the second suite, only Hangzhou (5.42%) and Tianjin (5.4 1%) were lower than 5.45% in July, and the average interest rate of the first suite in 35 cities was 5.76%, which was also significantly higher than 5.45%.
Li Wanfu further stated that, therefore, it is very obvious for the central bank to adjust the mortgage interest rate according to the new benchmark of LPR, that is, resolutely implement the positioning that "houses are used for living, not for speculation" and keep the interest rate of individual housing loans basically stable. Judging from the short-term real interest rate level, it will only have a slight impact on a very small number of the best quality customers, and will have little impact on the vast majority of property buyers.
So much for the introduction of the interest rate reduction of commercial loans.