1. Because the actual loan interest rate is much higher than the stipulated interest rate, the "stipulated interest rate" here is actually the "benchmark interest rate" stipulated by the central bank. At present, the benchmark interest rate for loans over five years stipulated by the central bank is 4.7%, while mortgages are basically over five years, so we also take this interest rate as the benchmark interest rate for mortgages.
The benchmark interest rate is set by the central bank and is applicable to all commercial banks. However, the adjustment of the benchmark interest rate is relatively slow. The last national adjustment was in 20 15 years, and the benchmark interest rate was continuously lowered. We usually call it cutting interest rates. The benchmark interest rate determines the basic trend of the national interest rate level, so all parties are very concerned. The benchmark interest rate exists in all countries. For example, it also has its own benchmark interest rate, which is called the federal funds rate. In 20 18, the federal funds rate was raised four times, but it was lowered in August of 20 19, which was the first interest rate cut in 10 years, causing quite a shock.
Our interest rate cut will also attract market attention, because it often means a major shift in monetary policy. It is precisely because cutting interest rates or raising interest rates will cause great concern in the market that the central bank is very cautious on this issue, but the market changes frequently. If the benchmark interest rate is adjusted frequently, it will inevitably lead to market disorder, but if it is not adjusted for a long time, it will derail the benchmark interest rate and the market interest rate.
2. Therefore, in practice, commercial banks always float a certain proportion on the basis of the benchmark interest rate. For example, the mortgage interest rate sometimes goes down and sometimes goes up. What does it depend on?
3. Why does the real mortgage interest rate rise?
The floating interest rate of mortgage is to increase the purchase cost of buyers, thus curbing the housing demand in the market. After all, the floating interest rate of mortgage is a tool to regulate the property market. When people need to be encouraged to buy a house, they will go down a certain proportion to reduce the cost of buying a house. For example, 20 15 and 20 16, people who bought houses at that time must be very lucky, because most of them can enjoy the preferential mortgage interest rate. At the end of 20 16, the average interest rate of the first home mortgage in China was only 4.45%, which was equivalent to the benchmark interest rate.
I'm from Suzhou. What's the loan interest rate in mortgage to buy a house now?
At present, PBOC has announced the benchmark annual interest rate of loans: 0-6 months (including 6 months), with an annual interest rate of 4.35%; 6 months-1 year (inclusive), with an annual interest rate of 4.35%; 1-3 years (including 3 years), with annual interest rate of 4.75%; 3-5 years (including 5 years), with an annual interest rate of 4.75%; 5-30 years (including 30 years), with an annual interest rate of 4.90%; The loan interest rate needs to be comprehensively priced according to the business type, credit status, guarantee method and other factors you apply for, and can only be determined after being approved by the handling outlets.
What is the loan interest rate for buying a house in Suzhou?
The benchmark for buying a house in Suzhou is 4.9%, and the interest rate generally rises by 20%-25%. The floating 25% loan interest rate is 5.88%. The floating interest rate between different lending banks will change, and it will also change according to the credit information of buyers.
What is the basis for buying a house in Suzhou in 22 years?
According to the relevant information, the query shows: 4.25%. According to the official announcement of the China Banking Regulatory Commission of the central bank, the lower limit of the interest rate of the first home commercial loan can be adjusted to not less than the LPR benchmark interest rate minus 20 basis points. In 2022, many banks in Suzhou have implemented the mortgage interest rate of 4.4%, and the interest rate of Suzhou mortgage can be lowered by 4.25% this time.