Hangzhou mortgage interest rates fell.
The reporter learned that after the Spring Festival holiday, the mortgage interest rates of the first and second homes in Hangzhou have been lowered. At present, the interest rate of the first house of major banks is basically stable at 5.6% ~ 5.65%, the lowest rate of individual banks can be 5.5%, and the interest rate of the second house is generally about 5.85%.
At the same time, the speed of bank lending has also been significantly accelerated, and the lending cycle of individual banks only takes 5 working days.
With the reduction of interest rates, the second-hand housing market also shows signs of recovery. In March this year, will Hangzhou’s second-hand housing market usher in a little spring?
the first and second interest rates were lowered
A month ago, the central bank released the latest LPR data, 1-year lpr3 7%, lpr4 over five years 6%, after April 2020, LPR has been lowered again after 21 months. At that time, Qianjiang Evening News reported (click here for details) that the mortgage interest rate will enter a decline cycle, and it is highly likely to happen after the Spring Festival.
Before the Spring Festival, the interest rates of the first and second homes in Hangzhou were 5.9% and 6.0% respectively. After the holiday, the interest rates of the first and second homes in Hangzhou were adjusted rapidly. The reporter learned that at present, the interest rate of the first house of major banks led by the “four banks” is basically stable at 5.65%, Industrial And Commercial Bank Of China Limited(601398) , Industrial Bank Co.Ltd(601166) and Hangzhou United Bank. The interest rate of the first house can be given to 5.6%. On the basis of purchasing financial management, insurance and other products, some banks still have some room for decline.
“At present, it is relatively stable, and other urban commercial banks are similar, only high but not low.” A Industrial And Commercial Bank Of China Limited(601398) staff member told reporters.
In terms of the interest rate of second homes, the major banks are basically stable at 5.85% ~ 5.9%, and the minimum rate of Hangzhou United Bank can be 5.8%. “We were informed that the interest rate was implemented on February 14.” Hangzhou united bank staff revealed.
At the end of December last year, an owner of a second-hand house in a community in Jianghui sector told reporters that the mortgage interest rate of his second house in Bank Of China Limited(601988) in January was 5.95%. The reporter learned that the second house interest rate currently being implemented in Bank Of China Limited(601988) has been lowered to 5.85%.
Based on the 30-year term of equivalent principal and interest of 1 million loan, the monthly repayment amount of 5.95% interest rate is 5963.4 yuan. If it is reduced to 5.85%, 5899.41 yuan will be repaid per month, which is equivalent to 64 yuan less per month.
For buyers who bought a new house in the second half of last year but never signed online, the reduction of interest rate is even better news. After all, the mortgage of the first house was as high as 6.1% at that time.
Similarly, based on the 30-year period of equivalent principal and interest of 1 million loan, the monthly repayment amount at the interest rate of 6.1% is 6059.95 yuan. According to the current interest rate of 5.6% for the first house, the monthly repayment is 5740.79 yuan, which can be reduced by nearly 320 yuan per month.
mortgage interest rate will continue to be in the downward channel
will the second-hand housing market usher in a happy spring
Not only in Hangzhou, but also nationwide, the mortgage interest rate has been reduced to varying degrees. Yesterday, the four major banks simultaneously lowered the mortgage interest rate in Guangzhou. Among them, the interest rate of the first house was reduced from LPR + 100bp (5.6%) to LPR + 80bp (5.4%), and LPR + 120bp (5.8%) to LPR + 100bp (5.6%).
A financial industry employee said: “next, the mortgage interest rate will continue to be in the downward channel.”
Jing Haiyan, a real estate expert, said: “the return of interest rates is an inevitable trend. First, it can better support the reasonable demand for house purchase. Second, there is still a large space between the first and second sets of interest rates and the lowest point of last year, especially if the floating plus point has not been lowered in place, it will continue to decline.”
With the reduction of interest rate, the second-hand housing market in Hangzhou also shows signs of recovery. Judging from the recent trading volume, it has rebounded, but it is relatively slow. Will there be a significant increase in the next step, and will march usher in the small spring of the second-hand housing market?
Yang Hongjun, manager of wanjiahuacheng store, said: “whether we can usher in the Spring Festival depends on the current mentality of the landlord. If the landlord is willing to reduce the price, the customer will start.”
Yang Hongjun revealed that the decline in interest rates did have some impact on the market, especially the faster the speed of bank lending, which shortened the replacement cycle of second-hand home buyers. “At present, most banks only need 7 ~ 10 working days to lend money, and faster banks need 5 working days.” Yang Hongjun told reporters.
analysis and interpretation
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