On February 21, some banks in Guangzhou lowered the mortgage interest rate. The reporter of China Securities News learned from various interviews that many banks also distinguish customer qualifications on the basis of adjusted interest rates. Customers with high bank deposits can enjoy lower interest rates.
An account manager in Bank Of China Limited(601988) Guangzhou told the China Securities Journal that Bank Of China Limited(601988) just lowered the interest rate today, and the loan interest rate of the first house decreased from 5.6% to 5.4%. “If the down payment amount is deposited in our bank in advance, the minimum interest rate of the first house can be reduced to 5.3%.”
mortgage interest rate cut
On February 21, some banks in Guangzhou lowered the mortgage interest rate. The loan interest rate of the first house was reduced from 5.6% to 5.4%, and that of the second house was reduced from 5.8% to 5.6%.
For the current lowest interest rate quotation, the manager of a China Construction Bank Corporation(601939) housing loan department in Guangzhou said that recently, the housing loan interest rate has changed every month, depending on the qualification of the lender and the housing enterprises cooperating with the bank.
The manager of a Industrial And Commercial Bank Of China Limited(601398) housing loan department in Guangzhou said that there was indeed an adjustment, and an adjustment was made before the Spring Festival.
The relevant person in charge of Guangzhou Agricultural Bank Of China Limited(601288) housing loan center said that the adjustment notice was received at 8 o’clock this morning. The adjusted loan interest rate of the first house is 5.4% and that of the second house is 5.6%.
Bank Of China Limited(601988) a customer manager in Guangzhou said that the mortgage interest rate had just been adjusted today, and the adjusted first suite was 5.4%. Before this adjustment, preferential interest rate policies have been introduced. For example, for customers with average daily assets of more than 200000 yuan for six consecutive months, the mortgage interest rate can be reduced by about 10 bp compared with new customers, and for customers with average daily assets of more than 1 million yuan, it can be reduced by about 20 BP. With the adjustment of the housing loan policy, the preferential policies will be cancelled.
activate loan activity
Yan Yuejin, research director of the think tank center of E-House Research Institute, said that the reduction of mortgage interest rate to some extent shows that the amount of relevant banks is relatively abundant. “Affected by policies such as the reduction of reserve requirements and interest rates, the housing loan market is generally guided by continuous easing. Banks have the power to issue cheaper loan funds and objectively activate more people to apply for housing loans.”
Li Yujia, chief researcher of Guangdong housing policy research center, said that the reduction of mortgage interest rates by many banks in Guangzhou was caused by the relationship between supply and demand. According to the transaction data, in January, the turnover of new houses in Guangzhou was less than 6000, far lower than the monthly average of 8000 to 9000 since 2016; 7014 second-hand houses were sold, a year-on-year decrease of 55.4%. The overall trading volume decreased, and the mortgage demand decreased accordingly. Banks wanted to do housing loan business at the beginning of the year, so they naturally reduced the interest rate.
Zhang Dawei, chief analyst of Zhongyuan Real estate, believes that the loose credit policy has a greater impact on the real estate market. It is expected that the market is likely to have a small sunny spring from March to April, especially in the first and second tier cities, and the heat may be obvious.
Zhang Bo, President of anjuke Real Estate Research Institute, pointed out that the marginal relaxation of financial policy has significantly boosted market confidence. It is expected that the market adjustment trend will continue in February, and the pace of market bottoming and recovery will be significantly accelerated in some cities with strong demand support and strong policy support.
