According to the latest news released by the central bank, the central bank lowered the RRR by 0.25 percentage points and released long-term funds of about 530 billion yuan, which is good for the property market. Then, does the central bank RRR cut interest rates by 0.25 percentage points have an impact on mortgage loans?
The central bank announced that the RRR cut will have a certain impact on mortgage loans, which may reduce the interest on bank loans. For people who already have mortgages, the reduction of the deposit reserve ratio will not directly affect the loan interest rate like interest rate reduction. However, LPR is mostly used in real estate credit at present, so the reduction of RRR will help to promote the decline of LPR level, thus reducing the mortgage pressure and burden of people with mortgages.
RRR interest rate cuts will help financial institutions meet reasonable housing demand, slow down the liquidity risk of real estate, and contribute to a soft landing of real estate. Recently, supervision has relaxed the financing channels of housing enterprises and supported housing enterprises to issue bonds and purchase loans. More than 70 cities have joined the ranks of real estate deregulation.
In addition, the RRR cut by the central bank is beneficial to the stock market, the property market and financial institutions. When it comes to the amount of funds released by RRR's interest rate cut, the central bank said that RRR's interest rate cut released a total of about 530 billion yuan of long-term funds. This RRR cut is a comprehensive RRR cut. Except for some corporate financial institutions that implement the deposit reserve ratio of 5%, the deposit reserve ratio of other financial institutions is generally lowered by 0.25 percentage points.
In addition, for urban commercial banks that do not operate across provinces and rural commercial banks with a deposit reserve ratio higher than 5%, the deposit reserve ratio will be lowered by 0.25 percentage point on the basis of lowering it, which is conducive to increasing support for small and micro enterprises and "agriculture, rural areas and farmers".
Regarding the purpose of the RRR cut, the central bank said that the current liquidity is at a reasonable and sufficient level. The purpose of RRR interest rate cut is to optimize the capital structure of financial institutions, increase the long-term and stable sources of funds for financial institutions, enhance the ability of financial institutions to allocate funds, and increase support for the real economy; The second is to guide financial institutions to actively use RRR funds to reduce expenditures and support industries and small and medium-sized enterprises seriously affected by the epidemic; Third, the RRR cut will reduce the capital cost of financial institutions by about 6.5 billion yuan every year, which can promote the reduction of comprehensive social financing cost through the transmission of financial institutions.
It is also known that a reporter asked about the comprehensive consideration after RRR cut interest rates. The central bank said that the People's Bank of China will continue to implement a prudent monetary policy, pay close attention to changes in price trends, and maintain overall price stability; Pay close attention to the adjustment of monetary policy in major developed economies, taking into account internal and external balance. At the same time, maintain a reasonable and sufficient liquidity, promote the reduction of comprehensive financing costs, and stabilize the macroeconomic market.
2. What's the impact of the national bank's interest rate hike on my mortgage?
1. Original loan interest rate: 5.94%85%=5.05%.
Current loan interest rate: 6. 14%85%=5.22%.
You can use these data to give you a calculator to calculate the relevant data/custserv/cs6/cs62/20081/t2008117 _130538.htm.
After calculation, the original month is also: 24 1 1.
Adjusted monthly repayment: 2,432 yuan.
As for when to start, it depends on the bank and the loan contract.
Loan interest is calculated at floating interest rate. After the adjustment of bank loan interest rate, the interest rate level of loan interest calculation is also adjusted. Of course, no matter how it is calculated, it has no effect on the interest paid. Will have an impact on the adjusted interest. After the adjustment of the general bank interest rate, the interest rate of the outstanding part of the loan is also adjusted. There are three 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.
3.6543810.8 What impact does the central bank's policy of adjusting mortgage interest rates have on people who have already borrowed?
20 19 10/8 19 the central bank adjusted the mortgage interest rate, so it adjusted. That is to say, all our friends who have borrowed money from the bank pay less every month, but because the loan amount is different in different years, the difference is different, so the loan amount paid each month is also different.
In other words, as long as banks raise or lower interest rates, it will have a direct impact on those who have already borrowed, and the adjustment of bank mortgage interest rates is not unique. According to some national policies and or national macro-control, make overall adjustment. No matter any bank, its interest rate trend will be based on the national central bank as a whole.
I suggest that when buying a house, if the conditions are not bad, it is best to lower the full interest rate, that is, the total house price is more appropriate. For a simple example, buying a house now is generally 30% of the total house price as a down payment. If the loan is 654,380,000 yuan and the repayment is 20 years, then our house will more than double, which means that the excess part needs to be handed over to the bank.
Therefore, the less loans, the shorter the loan period, so we say that we should do what we can before buying a house. Although banks are willing to lend to everyone, because the more you lend, the more they will benefit, and banks are not afraid that you will not pay back, because when you buy a house, they also have the right to lend to anyone.
Fourth, the impact of the central bank's interest rate adjustment on mortgage.
Why should the mortgage interest rate policy be adjusted? In order to solve the problem of "expensive financing", the central bank recently introduced a new loan market quotation (LPR) to reduce the real loan interest rate. The new LPR quotation method is changed to open market operating interest rate (mainly one-year medium-term lending convenience rate). The quotation frequency is changed to monthly quotation, which will be announced on the 20th of each month. Moreover, on the basis of the original one-year term varieties, more than five-year term varieties have been added, which provides reference for the interest rate pricing of long-term loans such as housing mortgage loans issued by banks. That is, after the central bank reforms and improves the LPR formation mechanism, the pricing benchmark of individual housing loans also needs to be converted from the previous loan benchmark interest rate to LPR. How to price the future mortgage interest rate? Previously, mortgage interest rate pricing was based on the fluctuation of benchmark interest rate. From 20 15, 15124 October, the benchmark mortgage interest rate is 4.75% for one to five years (including five years) and 4.90% for five years and above. As the term of most mortgage loans exceeds five years, 4.90% has become the familiar benchmark interest rate for housing loans. In the future, starting from 20 19 10 8, a new commercial personal housing loan interest rate will be formed based on the addition of LPR in the same period in the last month. Among them, LPR is calculated according to the loan market quotation and bank quotation. The specific amount of each loan is determined by the lending bank in consultation with the borrower according to the requirements of the national and local housing credit policies and the comprehensive loan risk situation. Once the added value is determined, it will remain unchanged throughout the contract period. For example, the LPR of the latest month (August 20th) with a term exceeding 5 years is 4.85%. If the bank gives you a mortgage interest rate of 5.44%, it is a 59 basis point increase, which is 12% higher than the benchmark of LPR. Future mortgage interest rate will no longer be discounted? Since July 20, 20 13, the central bank has cancelled the lower limit of 0.7 times the loan interest rate of financial institutions, but the floating range of individual housing loan interest rate will not be adjusted for the time being. That's why I heard that "the mortgage interest rate can be 30% off"? However, with the changes of the property market regulation policy and credit policy, in recent years, the interest rate of the first home loan is generally not lower than 10% of the benchmark interest rate. According to the new pricing method, there will be no discount on mortgage interest rate in the future. The New Deal stipulates that the interest rate of the first set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market, and the interest rate of the second set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market plus 60 basis points. After the adjustment, did the minimum interest rate increase or decrease? According to the above rules, according to the LPR of the latest month (August 20th), the interest rates of the first and second suites of new housing loans issued after June 8th, 65438 10 are not less than 4.85% and 5.45% respectively. Li Wanfu, an analyst at Rong360 Big Data Research Institute, said 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. "Simply comparing these two sets of values, we can find that the minimum interest rate for the first home loan will increase from 4.4 1% to 4.85%, and the minimum interest rate for the second home loan will increase from 5.39% to 5.45%." Will the real mortgage interest rate fall or rise? On this issue, the central bank made it clear that "the interest rate of newly issued personal housing loans is basically the same as the actual minimum interest rate of personal housing loans in China at present." "Compared with before the reform, when households apply for personal housing loans, interest expenses are basically unaffected." At present, the real interest rate implemented by most banks is 10%-20% for the first home loan benchmark and 20%-30% for the second home loan benchmark. According to the data of 35 cities' mortgage market monitored by Rong 360 Big Data Research Institute 20 10, "the interest rate of new individual housing loans has remained stable, neither falling nor significantly increasing the interest burden." E Yongjian, chief financial analyst of the Bank of Communications Financial Research Center, said that the interest rate of newly issued personal housing loans under the new mechanism remained basically unchanged; Central bank branches will set the lower limit according to local conditions. Judging from the future trend of the mortgage interest rate market, Li Wanfu said, "It is expected that there will be no obvious and universal decline in the implementation interest rate in the short term." Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that from the situation in the second half of the year, considering that the property market policy is still tight, in fact, the specific mortgage interest rate will only be raised and will not be lowered. According to the monitoring data of Rong 360 Big Data Research Institute, from the data point of view, the national mortgage interest rate level entered a rebound stage in the second half of the year. Who will increase the interest in buying a house? Potential buyers who can enjoy the discount of the current benchmark interest rate. According to the data of 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 suite in Shanghai alone was 4.84%, lower than 4.85%. The average interest rate of the first suite in five cities is 5.44%, which is significantly higher than 4.85%. That is, in areas where the interest rate of the first home loan is discounted, the interest rates of some potential buyers will rise, such as Shanghai; In areas where interest rates are rising, interest rates are likely to remain unchanged, such as Suzhou. In July, the interest rate of the first home loan in Suzhou was 6.03%, the highest in the country. "From the short-term real interest rate level, the New Deal 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 buyers." Li Wanfu said that if the LPR after 10/08 is generally maintained at the current level, then theoretically, the purchase cost of the best new mortgage borrowers will rise. Has the housing interest rate of provident fund loans been adjusted? According to the announcement of the central bank, the loan interest rate of commercial housing purchase shall not be lower than the quoted loan market interest rate plus 60 basis points in the same period. The interest rate policy of provident fund personal housing loan will not be adjusted for the time being. In the opinion of analysts, this ensures the demand for home ownership of the first suite. What we are implementing now is the policy orientation of "housing and not speculating" and the long-term management mechanism of the real estate market. The current interest rate of provident fund loans was adjusted and implemented on 20 15, 15124 October. The interest rate of provident fund loans for more than five years is 3.25%, and the interest rate of provident fund loans for five years and less is 2.75%, which is consistent throughout the country. Will the mortgage interest rate in repayment be adjusted? The central bank has made it clear that the adjustment of individual housing loan interest rate is mainly aimed at the newly released individual housing loan interest rate, and the existing individual housing loan interest rate is still implemented according to the original contract. In other words, people who have already borrowed money to buy a house will still repay the loan every month in the way determined before, and there is no need to change it. I just signed the contract and haven't lent money yet. Will it be affected? Before October 8, 20 19/KLOC-0, the commercial personal housing loans that have been issued and the commercial personal housing loans that have been signed but not issued are still executed according to the original contract. That is to say, the mortgage contract signed before June 8, 20 19 repays the mortgage at the interest rate determined by the benchmark interest rate pricing method before the reform, although the loan was not issued until June 8, 20 10. The central bank said that 20191010.8 is the conversion date of pricing benchmark. Prior to this, the lending bank needs to modify the loan contract, upgrade the system, organize employee training, and at the same time take various ways to do a good job in customer publicity and explanation to ensure a smooth and orderly conversion process. Can I discuss with the bank to change the mortgage interest rate? Zhang Dawei said that the interest rate was adjusted once a year before the borrower applied for a mortgage loan. At present, the longest legal term of mortgage is 30 years, and there are some special places. For example, Beijing currently stipulates that the maximum period is 25 years. Most loan contracts signed by property buyers are floating interest rates. If the benchmark interest rate of the central bank remains unchanged, the mortgage interest rate remains unchanged, and the monthly repayment amount remains unchanged. However, since 20 15, 10124, the benchmark loan interest rate has not changed, and the annual mortgage interest rate and repayment amount of many people have not changed. According to the New Deal, when future borrowers apply for commercial personal housing loans, they can negotiate with banking financial institutions to agree on the interest rate repricing period. The shortest repricing period is 1 year and the longest is the contract period. Every time the interest rate is repriced, the pricing benchmark is adjusted to the LPR of the corresponding period in the latest month. In other words, because the LPR is updated once a month, if the LPR is lower than the previous year after one year, you can repay at a lower interest rate as long as there is an agreement before; On the other hand, if interest rates rise, you will be under pressure to raise them. "Its meaning is that the interest rate calculation of future mortgage can be fine-tuned according to the needs of buyers", Yan Yuejin believes, but the pricing cycle needs to be agreed in advance, and the benchmark interest rate for pricing needs to be clear. This provision helps to form a variety of loan interest rate calculation methods, and will become a place where bank mortgage workers need to actively coordinate with property buyers. Everyone's commercial mortgage interest rate will be different? According to the principle of "policy according to the city", on the basis of the national unified credit policy (the interest rate of the first suite shall not be lower than the LPR； in the same period; ; The interest rate of the second suite shall not be lower than LPR plus 60 basis points in the same period). In the future, each province can determine the lower limit of the interest rate of the first and second sets of commercial personal housing loans within its jurisdiction according to the changes in the local real estate market situation. At the same time, banks can define the interest rate pricing rules of commercial individual housing loans according to the provincial lower limits, and reasonably determine the specific value of each loan in combination with factors such as operating conditions, customer risk status and credit status. In other words, if the customer's qualifications, including personal credit, economic income, debt ratio and collateral qualification, are not so good, the loan interest rate will be higher than the average person. In order to get a lower loan interest rate, borrowers should pay attention to the accumulation of personal credit in peacetime. In Yan Yuejin's view, the calculation of future mortgage may vary from person to person, from quota to quota and from market to market. Where is the mortgage interest rate in LPR higher? Zhou Jingtong, a researcher in charge of China Bank, also believes that the future mortgage interest rate will more prominently reflect the bank's regionality, monetary policy and credit strategy, and the difference in mortgage interest rate will be greater in different regions, different customers and different periods. Guo Yuxi, macro analyst of Xingye Research, said that the central bank will guide the self-discipline mechanism of interest rate pricing in the provincial market to determine the local LPR lower limit in time, which shows that the LPR lower limit will be different in different cities, and the LPR rising point may be higher in areas where house prices are rising rapidly. The policy orientation of "one city, one policy, no real estate speculation" has not changed. "In the actual operation process, some cities where house prices have risen too fast can appropriately raise their basis points under the standards of the central bank in the future." Yan Yuejin also said that such an increase will eventually affect the loan interest rate of the mortgage department of specific commercial banks. Will the interest rate of the second home loan increase substantially? According to Li Wanfu's calculation, after the implementation of the New Deal, the minimum interest rate of the second home loan will rise from 5.39% to 5.45%, which is 60 basis points higher than LPR. "The increase of 60 basis points in the second suite seems to be small, but combined with the principle of urban policy, it is expected that the implementation level may be much higher than 60 basis points." Fu Lichun, research director of Northeast Securities, said that based on the background of the suspension of second-hand housing loans in some cities, the cost and availability of future mortgages will face some challenges. Jaco, chief analyst of 58 Anjuke Real Estate Research Institute, said, "The clear requirements for second-home commercial loans reflect the clear attitude of ensuring the first set of just-needed housing demand and maintaining existing regulation." "In the future, the interest rate of the second home loan may show an upward trend," said Yuan, vice president of Zhuge Housing Search, which will have a certain inhibitory effect on the real estate market sales. What impact will it have on the trend of house prices? E Yongjian said that the reform of the central bank is conducive to promoting the decline of corporate loan interest rates, while avoiding overheating of the real estate market, which fully reflects the intention of not using real estate as a short-term means. "The policy is to avoid excessive mortgages and guide funds into the real economy, which is a neutral policy for the property market." In Zhang Dawei's view, the introduction of the policy is to stabilize real estate expectations, avoid the impact on real estate under the background of LPR downward adjustment, and avoid funds bypassing into real estate. Jaco believes that the central bank's proposal to once again prohibit the provision of services such as "remortgage" and "mortgage-adding" for individual housing loans is also an important manifestation of the implementation of "no speculation in housing", which can effectively prevent the actual implementation of regulation from being exploited, effectively crack down on the demand for real estate speculation, and has direct practical significance for reducing market risks. In July, the property market continued its "fever reduction" state. According to the housing price data of the National Bureau of Statistics, the number of cities where new houses rose further decreased in July, and second-hand houses in as many as 20 cities fell for two consecutive months. Zhang Dawei said that August is a habitual off-season in the market, and it is expected that the number of cities with lower housing prices will continue to increase substantially. Jaco believes that it is expected that the trend of volume concentration will be more obvious in the third quarter, but the hot sales in some cities will not drive the overall sales decline. Driven by the cooling of the third and fourth lines, the overall transaction volume showed a decreasing trend. (End) Related Questions and Answers: