The government insists on "no real estate speculation", controls the excessive rise of commodity housing prices and regulates them through financial leverage. If the annualized loan interest rate is too low and the second-hand housing transaction cycle is too short, it will bring a lot of profits and excessive profit space to real estate speculators. Therefore, the annualized loan interest rate of non-just-needed buyers will rise in different ranges 10~30%.

Second, why did the mortgage interest rate rise?

If you are going to apply for a personal housing loan at China Merchants Bank, the actual loan interest rate you can apply for is comprehensively priced by the handling bank in combination with relevant national policies, business types, personal solvency, credit status, guarantee methods and other factors, and can only be determined after approval.

Third, why should the mortgage interest rate rise?

First, the cost of capital has risen. In the past, the competition between banks was not so fierce, and it was easier for major banks to absorb deposits, so the interest rate of the first suite was not actually implemented according to the benchmark interest rate. As we all know, the funds for mortgage loans issued by banks mainly come from deposits absorbed by banks. As the deposit interest rate rises and the cost of capital rises, the loan interest rate of the corresponding bank will definitely rise. After all, banks earn spreads. At present, the spread of most banks is around 2% ~ 3%, which means that if the average deposit interest rate of banks reaches 5.58% or more, the profits of banks will not be compressed. At present, the benchmark interest rate for loans over five years is 4.9%. In order to reach the interest rate of 5.58%, banks must float above 10%.

Therefore, the most direct reason for the interest rate of the first suite of banks to rise is the increase in the cost of capital. If the cost of capital of a bank falls, it will fall. For example, Denmark recently implemented a negative interest rate mortgage, borrowing 1 0,000 yuan with interest, and only paying back more than 9,950 yuan at maturity. The fundamental reason is that Danish banking institutions absorb residents' per capita deposits at zero interest rate or even.

Second, the demand for the property market is relatively strong.

It is precisely because there are still many people with this demand that banks will definitely pay the bill. In this case, even if the bank raises interest rates, many people will still be willing to accept it, so that they can earn more. Why don't banks raise interest rates?

Although many people will object to the statement that the demand in the property market is relatively strong, it is undeniable that the property market really needs customers and investors at present. This can be seen from the soaring performance of 20 18 of major housing enterprises. Although some developers have been clamoring for survival, the sales volume in 20 18 has soared by 30% to 40%. It is precisely because of the decline in demand for housing and the decline in the cost of housing that the mortgage interest rate of buyers will rise, which is basically repeated.

Third, the requirements of real estate regulation and control policies.

In the past few years, housing prices in many cities in China have risen rapidly, even in some cities. The rapid rise of housing prices will not only affect the housing demand of residents, but also produce more economic development. For example, the annual growth rate of total retail sales of consumer goods in China has been declining recently, which is a very intuitive performance. If house prices have a greater impact on the development of domestic demand, it is more important to form a certain bubble, which will have greater systemic risks.

So in the last two years, China has been strictly controlling the development of housing prices from top to bottom. Houses are used for living, not for speculation, which has become an important tone of real estate regulation. Moreover, in the past two years, China's regulation of housing prices has also risen from common administrative means to financial means, and the purpose of regulation is achieved by controlling bank credit and mortgage interest rates.

4. Why did the mortgage interest rate rise 10%?

A rise in mortgage interest rate of 10% means an increase of 10 percentage point on the basis of the benchmark interest rate. For example, based on the current benchmark interest rate of commercial loans for more than five years of 4.90%, after the mortgage interest rate rises by 10%, the actual principal and interest are equal to 5.39% at the conversion rate of 4.90%( 1 10%) or the monthly payment is calculated according to the average capital.

The mortgage interest rate in China is not always constant, but often changes. The form is that interest rates have been rising, so we often compare the situation before and after raising interest rates.

2065438+June 7, 2002, the central bank issued an urgent document to commercial banks, requiring that the lower limit of the floating range of individual housing loan interest rate of commercial banks should still be 0.7 times of the benchmark interest rate. On March 20 17, Beijing 16 Bank cancelled the 10% discount on the first home loan interest rate and adjusted the first home loan interest rate to 9.5%.