1, which helps the liquidity of bank funds and improves the phenomenon of bank second-hand housing loan suspension to some extent.
RRR's interest rate cut itself helps to improve the liquidity of commercial banks and has a positive impact on mortgage loans. Although all kinds of funds will not flow into real estate in theory, due to the increase of loan amount in the future, it will still contribute to the development of real estate in practice, at least the mortgage itself may tend to be loose. Especially recently, the phenomenon of second-hand housing banks stopping lending has appeared all over the country. The same is true of Hefei. We found that there are six second-hand housing loans suspended in Hefei, namely Gaoxin Sub-branch of Shanghai Pudong Development Bank, some branches of China CITIC Bank, Changjiang Road Sub-branch of China Bank, Feixi Sub-branch of Agricultural Bank, Guangfa Bank and Luyang Sub-branch of Bohai Bank. The RRR cut by the central bank will increase the amount of bank loans to a certain extent, which will help alleviate the phenomenon of bank loan suspension.
2. It may help to lower the mortgage interest rate.
Taking Hefei as an example, the mortgage interest rate is subject to LPR policy. The interest rate of the first suite is basically 5.88%, and the interest rate of the second suite is 6.37%. For buyers who have transferred to LPR, the first interest rate is expected to be around 5.65%.
However, since the beginning of last year, the interest rate of Hefei LPR mortgage has not been adjusted for 14 months.
The impact of RRR reduction on the real estate market is definitely positive, especially the loan amount of short-term banks will definitely increase.
Moreover, the RRR cut will land before July 15, which does not rule out the possibility of LPR fluctuation.
Cutting interest rates will certainly help banks reduce costs. After banks reduce costs, it will definitely help stabilize or even reduce interest rates such as mortgages. In other words, if the interest rate is cut on July 20, it will definitely be more beneficial to the property market.
3. It is beneficial to property buyers, and the cost of housing loans is reduced.
For buyers, if the LPR mortgage interest rate can be lowered, it means that the loan cost of buyers is decreasing. Statistics from the Bureau of Statistics show that from June 5438 to May, real estate development enterprises received 8138 billion yuan of funds, a year-on-year increase of 29.9%; Compared with 20191-may, it increased by 22.0%, with an average increase of 10.5% in two years. Among them, domestic loans108.73 billion yuan, an increase of1.6%; The utilization of foreign capital was 2.5 billion yuan, down by 26.5%; Self-raised funds were 2,268.6 billion yuan, an increase of 65,438+02.8%; Deposits and accounts received in advance were 3173.8 billion yuan, an increase of 62.9%; Personal mortgage loans were 654.38+0.34 trillion yuan, an increase of 32.0%.
If it goes up too much, there is hope of falling.
4. It is beneficial to the real estate market
China real estate market looks at policies in the short term, policies in the medium term and policies in the long term. On the whole, from the perspective of the land market, the sales of 202 1 property market will continue to set a new record. Whether to support this depends on the credit policy. Historically, as long as RRR is lowered, it will definitely be good for real estate and can alleviate the financial pressure. RRR's interest rate cut will definitely ease the financial pressure of real estate enterprises, and in addition, it can also obtain relatively stable credit prices for home buyers' mortgages. The RRR cut will definitely bring some benefits to property buyers and ease the mortgage loan tightening that many people find at present. Real estate loans are still the quality credit business of most banks.
5, the impact on housing prices will not be too great.
Buying a house depends on policy, and policy depends on credit. At the end of 2020, the lowest interest rate has appeared, the upward trend of interest rate is the trend, and the cost of social capital is definitely rising.