The reason for saying this is mainly because the interest relief brought by the reduction of mortgage interest rate is really very favorable, especially when the mortgage interest rate in many cities has been reduced to 5%, we will find that buying a house is a very cost-effective thing. When applying for a personal housing loan, the mortgage interest rate of 4% is almost 25% cheaper than that of 5%. For ordinary families, lowering the mortgage interest rate is indeed a very good thing.
The mortgage interest rate was further lowered.
When the mortgage interest rate dropped from 5.5% to 5%, although the mortgage interest rate within 5% was already very cheap, with the central bank's interest rate cut, the mortgage interest rate was lowered again. After that, if a person applies for a personal housing loan, he can enjoy a minimum mortgage interest rate of 4.3%. When a person applies for a mortgage of 6,543,800+0,000, it basically means that the mortgage interest can be saved by 30,000 yuan.
This measure will affect the real estate market.
To some extent, although the property market situation in each city is different, the reduction of mortgage interest rate will encourage the local property market to cheer up again. Especially for those cities with falling house prices, this measure can directly stabilize local house prices, and at the same time, it can also increase the local real estate transaction volume. For ordinary families, the mortgage interest rate within 5% is indeed a good discount, and the mortgage interest rate will gradually decline in the future.
At the same time, since many homebuyers apply for personal housing loans with floating interest rates, homebuyers do not need to worry about the level of mortgage loans they apply for. Even if a person applies for a high mortgage interest rate, when it is renewed in the second year, the buyer can pay the relevant monthly payment according to the latest mortgage interest rate, so the buyer can enjoy the most affordable discount on buying a house in this way.