On April 8, according to the reporter of China Securities Journal and China Securities Taurus, Guangzhou joined the urban queue of “reducing the lowest mortgage interest rate to the same level as LPR”. Prior to this, the minimum mortgage interest rate of some banks in Suzhou has been reduced to 4.6%.
Guangzhou local bank response
On April 8, it was reported that the lowest mortgage interest rate in Guangzhou had dropped to 4.6%.
“The news is true. We can achieve a minimum of 4.6%, but it depends on the customer’s qualification,” HSBC said in response to the China Securities Journal China Securities Taurus reporter
A number of state-owned banks, including Industrial And Commercial Bank Of China Limited(601398) said that the minimum interest rate was still 5.4%, and “one house, one real estate and one discussion”.
For the rumors of “resuming relay loan business”, the above banks said they had never been involved.
According to the data of the National Bureau of statistics, in February this year, the sales price index of new commercial housing in Guangzhou increased by 0.6% month on month and 4.2% year-on-year; The second-hand housing sales price index rose 0.6% month on month and 3.8% year-on-year.
multi land mortgage interest rate cut
Before that, some banks in Suzhou had reduced the mortgage interest rate to 4.6%. However, the local bank stressed that the interest rate level is only for high-quality customers, not all customers can enjoy it.
In addition, mortgage interest rates in Hangzhou, Xiangyang, Shiyan and other places have also been lowered.
Among them, the interest rate of the first house in Hangzhou is generally reduced from about 5.7% to about 5.3%, and that of the second house is reduced from 5.9% to about 5.5%.
Some banks in Xiangyang and Shiyan, Hubei Province, cut mortgage interest rates by 40-45 basis points. In response, local intermediaries and banks responded to reporters that the adjusted interest rate was lower than 5.3%. Before the Spring Festival, the mortgage interest rate of local banks reached 6.13%.
According to the mainstream mortgage interest rate data of key cities recently released by the shell Research Institute, in March, the interest rate of the first set of mainstream mortgage in 103 key cities monitored by the shell Research Institute was 5.34%, and the interest rate of the second set was 5.60%, down 13 and 15 basis points respectively from the previous month; In March, the mortgage interest rate fell by the largest monthly rate since 2019. The mortgage environment is loose, and the current interest rate is close to the level of the third quarter of 2020.
