When the interest rate of housing loan is lowered, the monthly payment will be reduced by five-year LPR. In fact, the interest rate in the loan market is coming down, from 4.6% to 4.45%, which suddenly decreased by 0. 15 percentage points, actually decreased by 15 percentage points.
Originally, the market predicted a rate cut, but I didn't expect it to drop so much. It used to be 5 percentage points.
Don't underestimate the drop of 15 percentage point, which is great good news for every mortgage family, because the monthly payment will be less. Actually, it will be less. How much do you need?
It can be counted as an account. If the term of your housing loan is 30 years and you borrow more than 6,543.8+0,000 yuan, the average monthly payment in 89 yuan can be reduced and the loan interest can be saved by 654.38+0.068 yuan every year according to the loan repayment method of equal principal and interest repayment. . Naturally, the larger the loan amount, the greater the interest saved.
Some people are worried. Can I enjoy the monthly dividend reduction market immediately after the Lpr is reduced? First of all, whether the monthly payment is reduced depends mainly on the calculation method of the loan interest rate. If you choose a fixed interest rate to calculate before, you will not be able to enjoy this decline in lpr, and your monthly payment will not be reduced. Only those housing loan families who choose the form of lpr plus benchmark bank loan interest rate can enjoy the market dividend of interest rate reduction.
Second, when can we really reduce the monthly payment? It also depends on when your repricing date is. The closer the repricing date is to May 20th, the faster you can experience the interest rate cut.
The repricing period is at least one year. If your re-pricing date is May 2 1, then I can immediately experience the market dividend of lpr interest rate reduction, and the monthly supply can be reduced immediately.
However, for many people, the repricing date is usually 65438+ 10/month 1 year. In other words, many people have to wait for 65438+ 10/month 1 in 2023 to gradually reduce their monthly payments.
In this case, the sharp interest rate cut of this loan, coupled with the gradual relaxation of purchase restrictions in many places, has also reduced the down payment ratio of mortgage loans, which will also lead to the continued boiling of the property market again?
At present, the property market is relatively cold. In April, the sales area and sales amount of commercial housing decreased by more than 20% year-on-year. In April, the price of new houses ushered in the first month-on-month decline in more than six years.
The property market plays a very important role in the social transmission chain. China doesn't want the real estate market to skyrocket or plummet, but now this policy of stabilizing the real estate market will add a little ambient temperature to the declining real estate market.
But it will keep boiling, and it may take some time.
Because the current property market is equivalent to patients who have been rescued in icu, even if they are treated, it will take time to repair. They are unlikely to be listless today and energetic the next day.
At this stage, there are three main reasons that endanger buyers to enter the market-first, their income is affected and they want to buy if they have no money. Under the impact of the recent epidemic, the downward pressure has increased and the per capita income has also been affected. It is very likely that with the strong support of six wallets, the down payment of the loan can be handled, but the monthly payment also needs to be borne by the buyers, but now some people's income has been damaged and their income has decreased. If they can't afford the monthly payment, they will naturally postpone the management decision to buy a house.
Second, I'm worried about the unfinished house. Moreover, some real estate developers are now under great asset pressure and have defaulted. Many buyers are worried that they will not get the house as scheduled when buying a house.
Third, there is a mentality of buying up and not buying down. Many people think that house prices will fall, so they still refuse to start, thinking that buying now will lose money.
Therefore, if the above three preconditions do not usher in actual improvement, it will not be as easy as expected if the property market wants to usher in boiling.