A few days ago, it was confirmed that the four major state-owned banks of industry, agriculture, China and China Construction raised the interest rate of the first home loan in Beijing this week, and the lowest interest rate was raised from 1.05 times of the benchmark interest rate to1.
From the benchmark interest rate of 15% and 10% to "zero discount", it has now risen to 1. 1 times? As one of the powerful measures to regulate the property market, the interest rate of the first home loan in Beijing continues to rise. Not only in Beijing, but also in hot first-and second-tier cities such as Shanghai, Shenzhen and Zhengzhou, the interest rate of the first suite has generally increased since last year.
The four major banks in Beijing "acted" at the same time, adapting to the needs of property market regulation because of the city's policy.
ICBC Beijing Branch recently said in an interview that the interest rate of the first home loan signed and accepted online after May 7 (inclusive) is not lower than 1. 1 times the benchmark interest rate of the People's Bank of China. Those accepted before May 7th can be implemented according to the original interest rate policy, but should be completed before May 3rd1.
China Construction Bank Beijing Branch said that it will accept new mortgage business from May 7th (inclusive). In principle, the bottom line of the first home loan interest rate is adjusted to 1. 1 multiple of the benchmark interest rate. Agricultural Bank of China and Bank of China also said that the interest rate of the first home loan will rise to 1. 1 times the benchmark interest rate this week.
"Whether to implement the interest rate floating policy shall be subject to the online signing. A few days ago, brokers were working overtime to make materials, and the sooner the online signing, the better. On the 7 th, online buyers began to implement the new credit policy. " Mr. Zhang, a real estate agent in Chaoyang District, Beijing, said.
Why did the four major behaviors raise the interest rate of Beijing's first home loan at the same time? Ceng Gang, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, said that on the one hand, banks need to adapt to the regulation of the national real estate market; On the other hand, under the background of rising capital cost and strong demand for corporate credit, it is necessary for banks to consider themselves and allocate resources to areas with higher returns and better liquidity.
Insiders pointed out that the housing credit policy is an important means of real estate regulation in China, and the real estate regulation in hot cities in China still needs to be sustained. Take Beijing as an example. At the end of last year, the rising trend of second-hand residential transactions continued to this year. Since the beginning of this year, except February, which was affected by holiday factors, the transaction volume of second-hand houses in 65438+ 10 and March both exceeded10.04 million sets, reaching1.10.08 million sets respectively.
"Under the control tone of staying in the house and not speculating, the improvement of the long-term mechanism and the policy of the city are still the starting point of the real estate policy. At present, in addition to strictly implementing existing policies such as purchase restriction and price limit, the strengthening of mortgage regulation in hot cities is expected. " Jaco, chief analyst of Anjuke, said.
The reporter learned that before this, the interest rate of the first home loan of joint-stock banks such as China Everbright, China CITIC and Shanghai Pudong Development Bank in Beijing was already 1. 1 times the benchmark interest rate. According to CITIC Bank, the interest rate of the first home loan remains unchanged at 1. 1 times.
How much will the interest rate increase?
Reporters in Beijing, Shanghai, Shenzhen and other hot cities learned that for property buyers, the increase in loan interest rates means an increase in the cost of buying a house. In contrast, some people who just need to buy a house feel that "it is good to approve loans."
In recent years, the interest rate of the first home loan in hot cities including Beijing has been rising all the way. According to the data of Rong 360, the average interest rate of the first home loan in March 20 18 was 5.5 1%, which was equivalent to the benchmark interest rate 1. 124 times, up 0.92% from February and up 23.54% from last year.
The reporter's investigation found that some banks in Shanghai still have preferential interest rates for the first home loan, but it is difficult to get these preferential interest rates, and the requirements for the qualification examination of lenders are very strict. The interest rates of the first home loans of CITIC Bank and Hang Seng Bank in Shanghai even rose by 20%. Not only first-tier cities, but also second-tier hotspot cities such as Zhengzhou, the interest rate of the first home loan generally rose 10%.
Mr. Li of Beijing recently plans to buy the first suite by mortgage, with a commercial loan of 800,000 yuan and a repayment period of 25 years. According to the repayment method of equal principal and interest, the interest rate rises by 10%, which is about 69,000 yuan more than the benchmark interest rate.
"We need to buy a house when we get married. No matter whether the interest rate is benchmark or floating, the house is to be bought. It is good that the loan can be approved. " Mr. Li said.
The reporter visited the major banks in Shenzhen and learned that some banks have slowed down the mortgage approval. "Now it is more difficult to approve new personal mortgages, and there is still a backlog of applications a few months ago." An account manager of a state-owned bank in Shenzhen told reporters.
"Due to the requirements of prudential supervision, banks have strengthened the review of loan qualifications and the speed of lending has slowed down." Ceng Gang said, "The current market environment has really changed a lot. The only thing that needs to be guaranteed is to ensure the supply of its loan scale. "
The overall growth rate of mortgage loans has declined, and support for reasonable demand should be increased.
Since last year, under the background of stricter regulation of the real estate market, the growth rate of bank mortgage and overall housing-related loans has declined, which is one of the reasons for the slow increase in house prices and the stable market in some hot cities. However, analysts pointed out that housing credit should not only help prevent risks and curb bubbles, but also meet the reasonable housing needs of residents.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that the current benchmark interest rate is relatively low, even if it rises by 10%, it is not as high as the previous historical high. As the upward trend of capital cost continues, the subsequent mortgage interest rate is still facing upward pressure.
"Banks should take measures from the loan amount, interest rate, approval and other links to give priority to meeting the demand for self-occupied and improved housing. Financial management departments should encourage commercial banks to increase their support for reasonable housing demand. For example, banks that issue more first home loans should give appropriate incentives in terms of deposit reserve. " Dong Ximiao, a senior researcher at Chongyang School of Finance, Renmin University of China, said.
Pan, deputy governor of the People's Bank of China, said that the People's Bank of China will urge commercial banks to strictly implement differentiated housing credit policies, implement differentiated pricing for housing loans, and actively support the reasonable demand of residents, especially new citizens, to purchase housing.
In addition, experts said that the interest rate of provident fund loans is lower than that of commercial housing loans, but at present, it is necessary to increase support for provident fund loans that just need to buy the first suite, increase the loanable amount, simplify the process of provident fund loans, and increase penalties for developers who refuse provident fund loans.
The above content comes from: Xinhuanet
Second, what is the impact of rising mortgage interest rates on people who have already bought a house? What is the type of loan to buy a house?
From 20 18, many cities, including Guangzhou, Shenzhen, Beijing, Nanjing, Jinan and so on. , have reflected the tightening of mortgages, the first home loan interest rate rose. The effect of financial "deleveraging" is gradually emerging in the real estate industry. Mortgage is one of the most critical indicators that affect the trend of housing prices. Tightening mortgage and real estate control policies has a more obvious effect on curbing the rise in housing prices and curbing "real estate speculation".
However, in this process, for some just-needed and improved property buyers, the threshold for buying a house actually rises instead of falling. Chen Lei, a white-collar worker who has worked in Beijing for 1 1 year, has been worried about changing rooms recently. "After March last year, the price of second-hand houses in Beijing did drop a lot. I want to sell the small house I live in now and turn it into a school district house, "Chen Lei said. But now there are two sets of houses, and most of the houses in Beijing belong to non-ordinary houses. The down payment ratio must reach at least 80%. In addition, the mortgage policy has been tightened this year, and the interest rates of second-home loans of many banks have risen by 20% on the basis of the benchmark interest rate. It's hard to calculate, even if they sell the wedding room and pay off the loan.
"House prices have dropped, but it is more difficult to buy a house." This situation felt in Chen Lei also exists in other cities. According to the statistics of Rong 360, the average interest rate of the first home loan in China in June 20 18 was 5. 43%, equivalent to the benchmark interest rate 1. 1 1 times, up by 2 1. 75%。 Experts warned that in 20 18, China's overall financial supervision became stricter, and this "tight money" situation may continue to ferment.
The official has released a clear signal about this. 65438+ 10, the CBRC said that in 20 18, efforts will be made to curb the leverage ratio of residents, continue to curb the real estate bubble, and seriously investigate and deal with all kinds of illegal real estate financing behaviors. Li Xunlei, director and chief economist of Zhongtai Securities Research Institute, believes that the overall property market of 20 18 is weak and the sales volume is negative.
But he is still optimistic about Guangdong, Hong Kong, Macao and Hangzhou Bay. The transaction data during the Spring Festival also seems to indicate that the second-and third-tier property markets are still hot. According to the statistics of the research center of research institutions in the industry, during the Spring Festival this year, the practice of focusing on monitoring the urban real estate market fell into a "freezing period", and the transaction volume dropped by as much as 90% month-on-month. However, driven by factors such as returning home, the transaction volume of the property market in 29 second-and third-tier cities increased by 46% year-on-year during the Spring Festival.
The real estate market in Suzhou, Fuzhou and other places continues to be hot. Many benchmark housing enterprises have started "Spring Festival Grab" sales in non-first-tier cities. A real estate analyst pointed out that during the Spring Festival of 20 18, real estate transactions in most third-and fourth-tier cities were more active than in previous years, which conveyed a signal that the main support of the national property market this year still came from third-and fourth-tier cities. 20 17 The unexpected prosperity of the third-and fourth-tier property markets pushed the national commercial housing sales data to a new high. In that year, the proportion of real estate market sales in third-and fourth-tier cities increased to 64.
3%。 The report believes that large-scale monetization shed reform is an important driving force for the recovery of the third-and fourth-tier property markets last year. In the next three years, the large-scale effect of shed reform will continue, and cities with shed reform plans may be the focus of big housing enterprises and property buyers. Although it is not easy to buy a house, it is gratifying that with the growth of the rental market and more and more policy support, buying a house is not the only way to solve the problems of going to school and settling down.
At present, a large number of products, including long-term rental apartments, are emerging, real estate leasing is developing and improving at an unprecedented speed, and the relevant supporting policies for leasing are also rapidly landing. For example, Guangzhou 20 18 annual legislative mobilization meeting revealed that it is planned to clarify and guarantee the "equal right to rent purchase" at the legal level. With the growth of renters, especially in megacities, the demand for house purchase may be obviously diverted.
Liu Yang, who returned to work in Shenzhen after four years of overseas dispatch, told China News Service that he had no plans to buy a house for the time being this year. He lives in a long-term rental apartment near the company, with a monthly rent of 2000 yuan, which is stable and relatively convenient. He and his girlfriend are getting married this year and have no plans to buy a house yet.
Third, what is the impact of the increase in the interest rate of the first home loan on buyers?
The increase in the interest rate of the first suite does have a negative impact on those who just need to buy a house. Mainly because the cost of property buyers is extremely high, it is more difficult to buy a house, and the monthly supply has not changed much.
For people who have already borrowed money to buy a house, floating mortgages on the market will not have an impact. The most important thing that affects the mortgage is the benchmark interest rate. If the benchmark interest rate changes, the mortgage of buyers will also change. For example, if the benchmark interest rate rises from 4.9% to 5.0%, then the mortgage interest rate of buyers is 5.0% multiplied by the original discount.
The rise in interest rates and the increase in down payment will undoubtedly increase the pressure just needed, but the impact of this process on investors and even speculators is similar. Will correspondingly reduce the intensity of the real estate market, but also a means of government real estate regulation.
At present, the growth rate of the first set of interest rates tends to decline, indicating that the growth rate has slowed down, and the future mortgage interest rate will also tend to a reasonable range.
How much has the interest rate of Beijing's first home loan of the four major banks been raised?
Yesterday, I learned from ICBC, China Construction Bank, Agricultural Bank of China and Bank of China Beijing Branch that from next Monday or Tuesday, the interest rate of the first home loan in Beijing will be 1. 1 times of the central bank's benchmark interest rate, and the second home loan will still rise by 20%. Previously, the interest rates of the first home loans of the four major banks in Beijing were all 1.05 times of the benchmark interest rate.
event
Next Thursday, the big banks
Relevant persons of ICBC Beijing Branch confirmed to the reporter of Beiqing Daily yesterday that after May 7 (inclusive), the benchmark interest rate of online signing acceptance bank will be 1. 1 times. Those accepted before May 7th can be implemented according to the original interest rate policy, but should be completed before May 3rd1. The second home loan interest rate policy remains unchanged.
Beijing Branch of other big banks also indicated that they would start raising the interest rate of the first home loan next week, but the implementation date was slightly different. ICBC and CCB started on May 7th, while ABC and BOC started on May 8th. Bank of Communications, which is also a big state-owned bank, did not follow the four major banks' upward adjustment this time, and the first home loan policy of Bank of Communications has not changed for the time being.
Foundry account
The 25-year mortgage is 65,438+0,000,000 yuan, an increase of 65,438+0,465,438+0.73 yuan per month.
For those who just need to buy a house, the increase in the interest rate of the first home loan means that the cost of buying a house will further increase. If the loan is 1 10,000 yuan, the monthly payment will increase from 5,933.03 yuan when the benchmark interest rate is 1.05 times to 6,075.4 yuan, increasing by 14 1.73 yuan.
In fact, with the strengthening of real estate regulation and the increasing cost of bank funds, in the past two years, Beijing's local banks have increased from 8.5% and 10% of the benchmark interest rate to 1. 1 times of virtual office. Since the second half of last year, joint-stock banks in Beijing have continuously raised the interest rate of the first home loan 10% on the basis of the benchmark interest rate. By the end of February this year, the interest rates of Ma Yutong, Beijing's first home loan, in five banks including China Merchants Bank and some stock banks rose by 5%, and a few even reached 20%-3.
Previously, the mortgage interest rates of big banks in Beijing were generally low, and the interest rates of big banks were not cheap. Some insiders said that the bank also followed up to raise the interest rate of the first home loan.
analyse
Mortgage also belongs to the era of low interest rates.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that from the macro-environment and capital cost, plus the collective upward adjustment of the four major banks.
Some insiders pointed out that although the mortgage interest rate has been rising in the past year or two, because the current benchmark interest rate is at the lowest point in history, even if it rises by 10%, it is not as high as the previous historical high. According to his calculation, the average interest rate of the first home loan in recent years is around 6%, so the current mortgage still belongs to the era of low interest rate.
Experts generally believe that the upward interest rate is a high probability event for the national mortgage trend in 20 18. Ceng Gang, deputy director of the National Finance and Development Laboratory, once pointed out that on the one hand, banks need to cooperate with the general trend of real estate market regulation and regulation tightening. On the other hand, from the bank's own consideration, the current loan amount is tight and the loan demand is relatively strong. When allocating assets, banks are willing to allocate assets with higher returns. In the term structure of loan assets, considering liquidity, banks also tend to short-term assets. As a result, personal mortgage loans are not dominant in terms of price, duration and national policies. Although the basic interest rate of personal mortgage loan has risen, it is still not as good as the corporate financing rate.
The above content comes from: Beiqing Daily.