On October 8, 219, the new mortgage policy came into effect. The central bank previously announced that since October 8, 219, the interest rate of new commercial personal housing loans will be formed by adding the loan market quotation rate (LPR) for the corresponding period of nearly one month as the pricing benchmark. On September 2, 219, the National Interbank Funding Center announced the LPR, which was 4.85% for five years or more.
the lower limit of the interest rate of the first commercial personal housing loan in Shanghai is 2bp lower than the benchmark, that is, not less than 4.65%, and the second suite is 6 basis points higher than the benchmark, that is, not less than 5.45%.
But before the mortgage interest rate was changed, the mortgage interest rate of the first home in Shanghai was mostly 15% off the benchmark interest rate, that is, around 4.65%. The interest rate of second-home mortgage rose by 1%, or 5.39%. Comparatively speaking, after the implementation of the new mortgage policy, the interest rate of individual housing loans in Shanghai remained basically stable compared with that before the reform, with little change before and after, following the principle of smooth transition.
as far as the specific implementation of each bank is concerned, state-owned big banks may be close to the interest rate, and some joint-stock banks have indicated that they will implement the benchmark interest rate of 4.85%.
What does it mean to change anchor at mortgage interest rate?
Anchor generally refers to ship anchor, which is the main component of mooring equipment. Anchor refers to an iron ship stopping device, which is connected to the ship with chains. Throwing the anchor at the bottom of the water can make the ship stop.
"changing the anchor" of mortgage interest rate refers to the new mortgage policy implemented on October 8, 219.
The central bank announced on August 25th that the new commercial personal housing loan interest rate will be priced with reference to the loan market quotation rate (LPR) from October 8th. Changing the anchor means that the new policy of the central bank has been officially implemented nationwide, and the new mortgage interest rate mechanism has started to switch.
lpr: loan primer, which refers to loan prime rate.
loan prime rate is the loan interest rate executed by commercial banks for their quality customers, and other loan interest rates can be generated by adding or subtracting points on this basis. Loan prime rate's centralized quotation and publishing mechanism is that on the basis of the quotation bank's independent quotation of the loan prime rate of the Bank, the publisher is appointed to carry out weighted average calculation on the quotation, and the average quotation interest rate of the quotation bank in loan prime rate is formed and announced to the public.
the p>LPR quotation bank group is now composed of nine commercial banks, namely, Shanghai Pudong Development Bank, Industrial and Commercial Bank of China, Agricultural Bank, China Construction Bank, Bank of Communications, China CITIC Bank, Industrial Bank and China Bank.
Mortgage interest rates of banks in Shanghai in p>219
1. Mortgage interest rate of the first home
There are 3 banks in Shanghai that support the down payment of the first home by 3%, and all of them implement a 1% discount rate. They are: CITIC Bank, Shanghai Rural Commercial Bank, Dah Sing Bank, Industrial and Commercial Bank of China, Nanjing Bank, Shanghai Bank, Agricultural Bank, China Construction Bank, Postal Savings Bank, Ping An Bank, Bank of Communications, Bank, Minsheng Bank, Shanghai Pudong Development Bank, Bank of China, Bank of Jiangsu, Woori Bank, Zhejiang Bank, uob, Huaxia Bank, HSBC, Industrial Bank, Citibank, China Everbright Bank, etc.
2. Interest rate of second-home mortgage
There are 22 banks in Shanghai that support a down payment of 5% and a 1% increase in mortgage interest rate, namely: CITIC Bank, Shanghai Rural Commercial Bank, Dah Sing Bank, Industrial and Commercial Bank of China, Bank of Nanjing, Bank of Shanghai, Agricultural Bank, China Construction Bank, Postal Savings Bank, Ping An Bank, Bank of Communications, Bank, Minsheng Bank, Shanghai Pudong Development Bank and Shanghai Bank.
(1) 5% down payment is supported, and the mortgage interest rate rises by 2%: shinhan bank.
(2) Support 6% down payment, and the mortgage interest rate will rise by 1%: Citibank, China Everbright Bank, Bank of Beijing and China Guangfa Bank.
(3) Support 7% down payment, and the mortgage interest rate will rise by 1%: Hang Seng Bank, China Bohai Bank and Standard Chartered Bank.