On August 20, 2002 1 year, the loan market quoted interest rate (LPR) was:1year, the LPR was 3.85%, and the LPR over five years was 4.65%. The above LPR is valid until the next LPR version.

Qiao Yue found that LPR did not change compared with last month, and 1 year and LPR 16 months over 5 years did not change.

Interest rate rise

Mortgage loans have been further tightened.

We all know that the final mortgage interest rate =LPR (basic interest rate) BP (basis point), that is to say, everyone's final mortgage interest rate is determined by LPR and BP*** (interest rate).

Although LPR has not changed for 16 months, some banks in Wuhan began to raise BP in June, which led to the increase of mortgage interest rate and the tightening of mortgage policy.

Data source: public information, compiled by the CRIC.

The progress of mortgage qualification review has slowed down, the lending cycle has been extended, the bank review has become stricter, the loan amount has also been lowered, and the loan difficulty has increased, especially for second-hand houses.

Reference of loan interest rates of major banks in Wuhan

The data comes from: RealData, and finally please refer to the bank release.

Qiao Yue believes that as long as the financial control policy of the property market is not relaxed and the quota is used less and less, the "loan difficulty" of the second-hand housing market will intensify in the second half of the year.

At present, Wuhan is experiencing "double negative" and "the impact of the mortgage tightening epidemic". It is inevitable that the sales volume of the property market will continue to decline in August.

In the second half of the year, "it is difficult to buy a house, and it is even harder to sell a house"!