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Is it true that bank loan interest rates will increase starting from April 1? High bank loan interest rates make it more difficult for ordinary people to buy a house.

Recently, a piece of news went viral on the Internet, saying that starting from April 1 this year, the five-year LPR value of the basic interest rate for mortgage loans will be raised from the current 4.65 to 5.65. As soon as the news came out, many home buyers became nervous. So, is it true that bank loan interest rates will increase starting from April 1st? Why is it that high bank loan interest rates make it more difficult for ordinary people to buy a house?

Is it true that bank loan interest rates will increase starting from April 1st? Is it true?

The interest rate on housing loans will be raised after April 1st? A reporter from an online rumor-refuting reporting platform verified that the news spread online is untrue!

Recently, there has been a trend on the Internet about "Loans after the Two Sessions" Interest rate hike" news. Sources said: Credit has attracted much attention during the two sessions. Some time ago, Zhou Xiaochuan, governor of the Central Bank, said in his speech during the two sessions: Loan quotas will be tightened in the future, interest rates will gradually rise, thresholds will be raised in a wide range, and loans will be difficult and strict. Not enough will be inevitable. After the two sessions, bank interest rates were raised by 15% on April 1, and the mortgage LPR was raised from the benchmark 4.65 to 5.65. If you buy a house in March and buy a house in April, the interest rate in April will be hundreds of thousands higher.

First of all, after searching the Internet, we found that the news circulated on the Internet appeared on the Internet in March 2018. It can be seen that it is not real news recently, but old news.

Secondly, according to the People's Bank of China Announcement [2019] No. 16: Starting from October 8, 2019, the interest rate for newly issued commercial personal housing loans will be based on the loan market quotation rate for the corresponding period in the most recent month. Add points to form the pricing basis. The value of points added should comply with national and local housing credit policy requirements, reflect the loan risk profile, and be fixed during the contract period.

High bank loan interest rates make it more difficult for ordinary people to buy a house

In 2021, a quiet surge in housing prices in Shanghai has attracted the attention of regulators, and subsequent multiple housing restrictions have been forceful. The short-term rising tide was quickly curbed, especially by banking institutions, which became the latest weapon to curb the rapid rise in housing prices.

In 2020, supervision has set a red line for banks’ housing-related loan ratios. State-owned banks, joint-stock banks, city commercial banks, and rural commercial banks have been significantly restricted in their future share of housing-related loans, freezing real estate from a financial perspective. Partial liquidity in the market.

For the Shanghai market, which was the first to launch a rise in housing prices, the Shanghai Banking and Insurance Regulatory Bureau immediately issued a notice to regulate the management of local banks in the real estate market.

On January 29, the Shanghai Banking and Insurance Regulatory Bureau issued the "Notice on Further Strengthening the Management of Personal Housing Credit", which stipulates the management of concentration of real estate loans, sources of down payment funds and debt repayment. Ability review, borrower qualification review and credit management, personal housing loan issuance management, credit fund usage management, real estate agency business cooperation management, risk investigation, etc. Strengthen the authenticity review requirements for down payment funds to prevent borrowers from illegally obtaining down payment funds for personal housing loans through consumer loans, operating loans and other channels, or from obtaining bank loans by forging down payment payment vouchers. Strengthen the management of the proportion of real estate loans and personal housing loans. Relevant corporate banks whose real estate loan concentration exceeds the requirements should strengthen business adjustments during the transition period in a targeted manner.

According to the content of the notice, it can be seen that this regulatory measure has formed a unified binding force on the seller's and buyer's markets respectively. One of the more eye-catching ones is, "No lending unless capped."

Its particularity lies in the fact that this article conflicts with the previous relevant policies. In the past, if the project reached 30% of the height of the building, it could obtain a pre-sale certificate. However, after the new regulations are introduced, it must Only when the project body is capped can you obtain a mortgage loan from the bank.

In addition, in addition to the Shanghai market, there are also reports in the Guangzhou market that many banks have tightened mortgage loans, or even temporarily have no mortgage quotas. Not only that, the upward trend of mortgage interest rates in many banks is also about to begin. For home buyers, waiting in line for loans will become a long-term trend in the future.

Currently, individual banks in Guangzhou have shown signs of interest rate adjustments. Among them, the Shanghai Pudong Development Bank’s first-home loan interest rate in Guangzhou has been adjusted to LPR+60 basis points, and the second-home loan interest rate is LPR+80 basis points, that is, They were 5.25% and 5.45% respectively, both up 30 basis points from before.

There is also news that many banks in Ningbo have also followed up on raising interest rates.

Under the constraints of multiple mortgage "red lines", the banking industry's past performance in the mortgage market will be greatly reduced. The interest rate increase may be within a limited space to increase the "unit price", that is, the mortgage interest rate. To reduce the performance impact caused by shrinking share.

On the one hand, the overall size of the housing loan market has shrunk significantly. On the other hand, within the limited amount, interest rates continue to rise, which will undoubtedly make it more difficult for those who just need to buy a house.

For the seller's market, it has also increased the difficulty of selling, and it has also become more difficult to realize the house. From the current point of view, the entire real estate market may have entered the "frozen" stage.

The news that bank loan interest rates will be raised starting from April 1 is obviously false news. As for the high bank loan interest rates, it is more difficult for ordinary people to buy a house, mainly due to the impact of the mortgage red line.

If you are preparing to buy a house with a loan, you can continue to view more relevant information here.