Judging from the housing market in recent years, its popularity is beyond our imagination, mainly because it is now possible to buy a house through loans. When buying a house, you just need to raise the down payment. However, according to bankers, the mortgage interest rate is rising now, and the next payment is very slow, especially in first-tier cities like Nanjing. So has the interest rate of Nanjing's first home loan increased? Let's have a look.

Analysis of interest rate of Nanjing first home loan

First, the status quo

According to the data monitored by relevant websites, in March, the interest rate of the first home loan was about 5.64%, and the average interest rate of the second-hand house was about 5.92%, which was equivalent to the benchmark interest rate rising 15% and 20% respectively. Judging from the national average mortgage interest rate, Nanjing is currently at a high level.

Second, the impact

Because the interest rate rose too fast, many people struggled to get the down payment, only to find that they could not afford the loan. For example, the loan 1 10,000, 30 years, according to the current interest rate of 4.9%, the debt service needs about 900,000 yuan, and the monthly payment is more than 4,000 yuan. After the mortgage interest rate rose by 30%, the interest rate reached 6.37%, and the loan amount and repayment remained unchanged.

Third, analysis

1. According to relevant personnel, the credit lines of many banks are very tight at present, resulting in slow payment time, and many newly applied mortgages are still in the process of processing or waiting in line for payment. Whether it is a new house or a second-hand house, it will take at least 3-6 months to make the next payment. Some banks will take longer due to the quota.

2. There are many reasons for this phenomenon, such as rising capital cost, fierce market competition and internal business adjustment of banks. , will affect the change of interest rate to a certain extent. Therefore, considering various factors, banks will increase the mortgage interest rate accordingly to solve the fixed costs in the structure, and at the same time use the price increase to eliminate some flexible borrowing needs.

Summary: Well, this is the end of the introduction about whether the interest rate of Nanjing's first home loan is raised. I hope I can give you some help. I believe that in the process of understanding whether the interest rate of the first home loan in Nanjing will be raised in the future, friends will be more handy and get their own satisfactory answers.