What is the current housing loan interest rate? The latest figures show that the average interest rate for first home loans in November was 5.36%, equivalent to the benchmark interest rate of 1.09, an increase of more than 20% from November last year. If you borrow 2 million to buy a house now, you will have to pay more than 400,000 in interest. This is definitely a very painful thing for today's home buyers.

Currently, the average interest rates for first home loans at the four major banks, ICBC, Agricultural Bank of China, Bank of China and China Construction Bank, range from 7% to 9%, which is one percentage point higher than in October. If the current national average interest rate for first homes is 5.36%, plus a 30-year mortgage, the interest alone will cost 2.0251 million yuan.

If calculated based on the average interest rate of 4.44% in November last year, the interest would be approximately 162.250,000. So, if you buy a house now, you will have to pay 402,600 yuan in interest.

First-time loan interest rates are increasing by 20% every year. Home buyers are under increasing pressure to repay their loans. Will they rise again in the future? Although I don’t know, judging from the situation in 2017, if the property market is still hot next year, then mortgage interest rates will continue to rise, because this is a means of regulating the market and social order.

Now, the average interest rate of home loans nationwide has increased for 4 consecutive months, the central bank has refused to lower interest rates, and LPR has remained stable for 13 months. According to incomplete statistics, loan interest rates are currently rising in more than 60 cities across the country, and loan interest rates in hotspot cities will continue to rise. The same is true for major cities such as Guangdong and the Hong Kong-Macao Greater Bay Area.

It stands to reason that the increase in mortgage interest rates this time has been obvious. Although it was expected, it was not expected to be so big, which caught many people off guard. So why are mortgage rates going up? According to some industry insiders, there are three reasons. One reason is what we know, in order to curb the influx of large amounts of funds into the real estate market and stabilize the healthy development of the real estate market; the second reason is that bank loan limits are insufficient; the third reason is that the mortgage loan limits in some areas with hot real estate markets not enough.

The above is the main content of the current mortgage loan interest rate. I believe everyone has an understanding of these contents. I hope this article can give you some help.