The interest rate of the first home loan in China has dropped for half a year and is approaching the trough bottom

category:Finance
 The interest rate of the first home loan in China has dropped for half a year and is approaching the trough bottom


In May, the interest rate of housing loans in the whole country is still down, but there are obvious differences in the adjustment of the interest rates of housing loans in different cities: first-tier cities are still slightly declining north to Guangzhou and Shenzhen; second-tier cities, some of the cities that have declined a lot before, have remained stable or slightly declined, while relatively strong cities such as Urumqi, Kunming, Shenyang and other places have begun to significantly reduce the interest rate of housing loans.

In addition, the interest rates of housing loans in some cities have rebounded from the bottom. Although the overall interest rates of housing loans in some cities have declined, some banks have begun to quietly raise the interest rates of housing loans by one level.

In terms of sub-cities, in May, the average interest rate of Beijings first suite loan was 5.39%, the average interest rate of second suite loan was 5.87%, and the average annular ratio was reduced by 1BP; the average interest rate of Shanghais first suite loan was reduced to 4.92%, which was close to the benchmark lending rate; the average interest rate of Guangzhous first Suite loan was reduced to 5.29%; and the average interest rate of Shenzhens first suite loan was reduced by 5.20% for four consecutive months. It is worth noting that four cities named by the Ministry of Housing and Construction have tightened the approval of pre-sale certificates again, and the supply has decreased annually. In May, the new supply area of commercial residential buildings in Foshan, Suzhou, Dalian and Nanning decreased by 44%, 26%, 65% and 34% respectively. In addition, some cities with overheated property market are also intensifying regulation and control. Li Wanfu, Research Institute of Rong360 Institute of Data Research, believes that overall, this round of mortgage interest rate cuts has come to an end, not excluding that the average national mortgage interest rate will still decline, but there may be more cities in the mortgage interest rate will remain stable, and even a small number of hot cities will rebound. Source: First Financial Responsibility Editor: Liu Song_NBJ9949

In terms of sub-cities, in May, the average interest rate of Beijings first suite loan was 5.39%, the average interest rate of second suite loan was 5.87%, and the average annular ratio was reduced by 1BP; the average interest rate of Shanghais first suite loan was reduced to 4.92%, which was close to the benchmark lending rate; the average interest rate of Guangzhous first Suite loan was reduced to 5.29%; and the average interest rate of Shenzhens first suite loan was reduced by 5.20% for four consecutive months.

It is worth noting that four cities named by the Ministry of Housing and Construction have tightened the approval of pre-sale certificates again, and the supply has decreased annually. In May, the new supply area of commercial residential buildings in Foshan, Suzhou, Dalian and Nanning decreased by 44%, 26%, 65% and 34% respectively. In addition, some cities with overheated property market are also intensifying regulation and control.

Li Wanfu, Research Institute of Rong360 Institute of Data Research, believes that overall, this round of mortgage interest rate cuts has come to an end, not excluding that the average national mortgage interest rate will still decline, but there may be more cities in the mortgage interest rate will remain stable, and even a small number of hot cities will rebound.