Recently, as a hot spot in the property market, the interest rates of second-hand housing loans in Suzhou and Hangzhou have been reduced.
The reporter learned from the field visit that in terms of second-hand housing, the loan interest rate of the first house of local banks in Hangzhou was generally reduced from about 5.7% a month ago to about 5.3% at present; The loan interest rate of the second house has been reduced from the previous 5.9% to the current 5.5%, with a reduction rate of about 0.4 percentage points.
The loan interest rate of the first house of some banks in Suzhou has been reduced to 4.6%, which is the same as LPR. However, the local ICBC also stressed: "only for high-quality customers, not all customers can enjoy it."
since the year of the tiger, Hangzhou mortgage interest rate has been lowered for the second time
Hangzhou mortgage interest rate has been lowered for the second time since the year of the tiger.
On March 23, the reporter of China Securities Journal learned from several banks in Hangzhou that the current level of second-hand housing loan interest rate is about 5.3% for the first house and about 5.5% for the second house.
An internal staff member of the bank told reporters that this interest rate is not the bottom line. Some foreign banks may even achieve the lowest of 5.2% for the first set and 5.4% for the second set.
The above-mentioned person told reporters that the previous lending time of one or two months has also changed. At present, the approval of housing loans is smooth, and the second house can approve loans within one week at the fastest.
"From the perspective of the interest rate reduction difference in the last month, based on the first set of pure commercial loan amount of 3 million yuan and 30-year equal principal and interest, the total repayment can be reduced by more than 220000 yuan, which is equivalent to saving the money of a naked Audi A4 car." Wu Zhouzhou, a salesperson at a Deyou store in Xihu District, said. In his view, the possibility that the interest rate will continue to fall below 5% in the next step cannot be ruled out.
He told reporters that the decline in interest rates is indeed a strong stimulus signal for just in need buyers. Some previously wait-and-see buyers, or buyers who shelve buying houses because of loan problems, may choose the appropriate real estate to "sell".
Suzhou first mortgage interest rate as low as 4.6%
Since this year, the decline in mortgage interest rates has been common. In addition to Hangzhou, the interest rate of the first mortgage in Suzhou's second-hand housing market has also been reduced recently.
The reporter learned that since March, in the second-hand housing market in Suzhou, the minimum loan interest rate of the first house of many banks has been further reduced from 4.8% at the end of February to the current 4.6%, which is the same as the LPR interest rate of more than five years after the reduction in January this year, which also makes Suzhou the first area in the country with "no additional points" in housing loan interest rate. Last year, the mortgage interest rate in Suzhou once exceeded 6%.
"Not all customers can enjoy the interest rate of 4.6%. The mortgage interest rate is closely related to the customer's qualification, including the income of buyers, credit investigation, houses bought, etc. at present, the lowest interest rate of ICBC is 4.6%, and high-quality customers can enjoy the first mortgage interest rate of 4.6%." Suzhou Gusu District ICBC mortgage principal told the China Securities Journal reporter.
"The decline in interest rates will indeed attract many home buyers." A local real estate agent in Suzhou said that recently, the number of customers looking at houses has increased significantly, and the trading volume is much higher than that before the Spring Festival.
According to incomplete statistics, since this year, more than 10 cities such as Shanghai, Shenzhen, Tianjin and Suzhou have seen the first mortgage interest rate lower than 5%.
Yan Yuejin, research director of the think tank center of E-House Research Institute, said that the continuous reduction of mortgage interest rates in Suzhou and Hangzhou basically met expectations, and it is expected to continue to adjust in the second quarter. Reducing the purchase cost and entry threshold in hot second tier cities will not only help stimulate market transactions, but also serve as a wind vane for the market.
property market recovery is not obvious
"After the Spring Festival, there are signs of recovery of second-hand houses in Hangzhou, especially the low loan interest rate and fast lending, which will indeed stimulate some customers who just need to see the house. The number of customers looking at the house is gradually increasing, especially at the beginning of this month." Said the salesperson of a 5I5J Holding Group Co.Ltd(000560) store in Gongshu District, Hangzhou.
But he also said that at present, most home buyers still hold a wait-and-see attitude, and the listing of houses in the market is also increasing. If the second-hand house wants to clinch a deal quickly, the landlord needs to sell it at a reduced price.
According to the data of Hangzhou Shell Research Institute, as of March 14, the trading volume of second-hand houses in Hangzhou urban area (excluding Lin'an District) has reached 2135 since March, exceeding 1934 in February.
It is understood that the overall listing volume of second-hand houses in Hangzhou is still rising. As of 16:00 on March 2, the listing of second-hand houses in Hangzhou has exceeded 170000 units, 170500 units. According to the data of transparent house sales network, in mid March, the listing price of second-hand houses in Hangzhou (including Fuyang and Lin'an) increased to 20730, and the price of houses decreased to 27120.
"Since the second half of last year, the trading volume of second-hand houses has continued to shrink and downturn, coupled with the daily number of listed houses, the Hangzhou property market has begun to change from the seller's market to the buyer's market." An insider told reporters. In his view, unless there is a big concession in the price of second-hand houses, buyers are more inclined to buy new houses.
Zhang Dawei, chief analyst of Zhongyuan Real estate, said that after the reduction of mortgage interest rate, it only gradually returned to the level of the first quarter of 2021. At present, the epidemic still affects the enthusiasm of home buyers. In addition, the proportion of down payment of improved home buyers is still high, so it is difficult for the market to change significantly in the short term.
