According to the website of the central bank, in order to adhere to the accurate positioning that houses are used for living, not for speculation, to implement the normalization of the real estate industry, to apply new real estate policies across the country, to apply rigid and improved housing demand, and to promote the stable and healthy development trend of the real estate industry, according to the relevant arrangements of the State Council, the relevant matters of differentiated housing loan policies were announced.
For rural residents who purchase ordinary self-occupied houses with loans, the lower limit of the interest rate for commercial self-occupied houses in the first suite is adjusted to be no less than the quoted interest rate in the corresponding loan market for a limited period minus 20 basis points, and the lower limit of the current policy for commercial self-occupied houses in the second suite is implemented according to the current standards.
Basically, the lower limit of loan interest rate is unified throughout the country. The People's Bank of China and the dispatched offices of the China Banking Regulatory Commission shall, in accordance with the standard of "making policy according to the city", specifically guide the self-restraint system of interest rate pricing in provincial and ministerial sales markets, and independently define the lower limit of loan interest rates for the first suite and the second set of commercial housing in cities within their jurisdiction according to the changes in the real estate situation in each city and the regulations of city government departments.
Yan, head of core scientific research in China think tank of Yiju Research Institute, told Zhongxin Jingwei that the lower limit of interest rate can be further lowered, which will make the indoor space for commercial banks to lend more, which will be conducive to better promoting the decline of the specific lending rate of housing loans in the future.
He feels that this current policy is conducive to correctly guiding local governments and banking institutions to further adjust their mortgage policies, especially in the level of housing loan interest rates, which can be reduced or reduced. It is enough to buy a house at a low cost and implement preferential policies; It is conducive to further reducing the cost of property buyers, and at the same time, integrating the recent national existing policies to release pressure, which can objectively further reduce the work pressure of property buyers and create a better standard for the active trading market in late May and beyond.
According to the loan amount of more than 500,000 yuan (RMB, the same below), the term of 30 years, and the matching principal and interest, the interest rate will be lowered by 20 basis points, and the monthly average mortgage expenditure will be reduced by about 60 yuan, and the interest expenditure will be reduced by about 20,000 yuan in the next 30 years.
Yang Chang, an investment analyst at Zhongtai Securities Research Institute, told Zhongxin Jingwei that the key to the current policy is to adjust the interest rate of the first home loan. According to the 5-year LPR of 4.6%, the lower limit is reduced by 20 basis points on the basis of 5-year LPR, and the indoor space is further increased by the average interest rate of the first set of sales market at the end of March, and the indoor space exceeds 80 basis points. The current policy emphasizes that "the lower limit of the current policy on the loan interest rate of second-home commercial housing should be implemented according to the requirements of the current standards", which enlarges the loan spread between the first suite and the second suite and is conducive to preventing foreign exchange speculation from raising the investment requirements of the project.
Yang Chang believes that the current policy focuses on "each city independently defines the lower limit of commercial housing loan interest rates for the first and second suites in each city within its jurisdiction". For some cities with large population and rigid housing demand, we can adopt different ways of adding a little bit according to our own situation, which is conducive to accurately controlling the release of demand and avoiding the work pressure of rapid housing price increase.
At the same time, Zhang Dawei also mentioned that, judging from the harm of the separation system, it is not the immediate effect of the central bank's interest rate cut, and it must wait for the implementation plan to be implemented all over the country. "From the previous minimum of 4.6%, few cities can run this specification, nor are they all implemented, only for the first home loan."