Home loan rate for anchor countdown! 13 provinces and municipalities have been deployed and transformed

category:Finance
 Home loan rate for anchor countdown! 13 provinces and municipalities have been deployed and transformed


Staff members of the housing loan department of a bank told reporters that they had not yet received the latest implementation rules of the mortgage interest rate issued by the headquarters, but they were not expected to differ greatly from the current implementation of the interest rate scheme, that is, the first benchmark rose by 10%.

Housing intermediaries in Beijing and Shanghai also told reporters that they had not yet received formal notifications from banks. But Guangzhou Chain Home Sales Manager told reporters, Although there is no official information, there are news that the specific plans of banks will be announced around the 15th. Small and medium-sized banks are expected to implement the plan of the four major banks. The first set of interest rates are slightly higher than before, but the actual situation still needs to be announced by banks.

It is understood that the new pricing benchmark of personal housing loan in Beijing is that the interest rate of the first commercial personal housing loan is not lower than the corresponding period LPR+55 basis points, and the interest rate of the second commercial personal housing loan is not lower than the corresponding period LPR+105 basis points.

In fact, in the previous housing loan calculation, the multiplication method will show many disadvantages, when the benchmark interest rate is at a low level, the multiplied effect will be reduced accordingly. After adding LPR points, the problem of smaller effect can be solved and the calculation method can be more intuitive.

According to the 5-year LPR4.85% level announced on August 25, the lower limit of interest rate for the first set of personal housing loans in Beijing is 5.4% and that for the second set is 5.9%. This level is basically the same as the new interest rate for personal housing loans issued by major Chinese banks in Beijing. The determination of pricing level is based on the realization of docking with LPR, and also takes into account the continuity and stability of real estate financial policy in Beijing. People familiar with the situation said.

It is noteworthy that the lower limit of the additional point determined this time is not unchanged. According to the change of real estate situation and fluctuation of LPR in Beijing, the above-mentioned persons will guide the self-regulation mechanism of interest rate pricing in Beijing to adjust the lower limit of the increase point of individual housing loan interest rate in a timely and appropriate manner.

The central bank announced that the new interest rate policy for personal housing loans will be implemented from October 8. Before that, we will guide the banks to revise loan contracts, upgrade systems and organize staff training, the person said. Before October 8, the benchmark interest rate can be chosen as the pricing benchmark in the contract of commercial housing loan. If some banks are ready, after consulting with the borrower, they can choose to determine the lending rate according to the LPR plus point method.

Industrial and Commercial Bank and Construction Bank, which account for a large proportion of housing loan business, have carried out corresponding work.

Ren Ximing, deputy general manager of the Personal Finance Department of ICBC, said that three aspects of work have been carried out at present:

First, ICBC has issued opinions on Further Strengthening the application of quoted interest rates in the loan market, and has arranged and deployed its branches.

Secondly, at the institutional level, it mainly involves the revision of the interest rate clause in the management of personal loans, such as increasing the pricing of LPR, and the issuance of documents can be completed in the middle and late September.

Thirdly, in terms of system, ICBC system supports the choice of LPR pricing model for individual housing loans. System testing is currently under way, and preparations for the system can be completed in mid-late September.

China Construction Bank mainly carries out six aspects of work. Huang Yougang, deputy general manager of Housing Finance and Personal Credit Department of China Construction Bank, introduced that:

The first is to study and formulate the details of business implementation, including the value of new mortgage LPR, the way of interest rate adjustment, and the rules for determining the added point value.

The second is to amend the loan contract. The relevant provisions such as interest rate of new commercial individual housing loan business contract are revised.

Third, the system reform. At present, we are accelerating the development and implementation of LPR pricing parameters adjustment and text changes in business systems. It will be fully open and implemented around September 20.

Fourth, we should comprehensively promote deployment. Branches have been convened to conduct research and implementation to guide them to prepare for the conversion of LPR interest rates.

Fifth, organizing staff training. At present, business training at all levels has been launched to help front-line business personnel and business managers to familiarize themselves with the new management regulations, business processes and system operation methods as soon as possible, and to provide customers with high-quality services.

Sixth, do a good job in customer execution. At present, we have studied and sorted out the propaganda materials of the policy and the question-and-answer database of the customers, and have completed the preparation of the customers question-and-answer work during the policy transition period.

Avoid Shocking the Real Estate Market

Many market participants have also proposed that, in the long term, LPR will float downward to some extent in the future, will it make mortgage interest rates go down all the way?

Many people believe that the change of LPR, but the addition point remains unchanged, will indeed change the situation of housing loans. At present, the real estate regulation and control emphasizes the policy of dividing cities, and there will be changes in supply and demand, but the self-regulation mechanism of market interest rate pricing will also play a very important role in this process. In fact, if there are individual cities whose mortgage interest rates change due to LPR changes, which leads to the tension in the local real estate market, then market interest rate guidance will be relatively frequent, for example, once a month or two will be adjusted. LPR reflects the trend of loan market, and the trend of real estate market also reflects the trend of LPR, which is an interactive process. According to people familiar with the situation, 13 provinces and municipalities have deployed the conversion of interest rate pricing benchmarks for personal housing loans, which may land next week. Source: Liable Editor of China Securities News: Liu Song_NBJ9949

Many people believe that the change of LPR, but the addition point remains unchanged, will indeed change the situation of housing loans. At present, the real estate regulation and control emphasizes the policy of dividing cities, and there will be changes in supply and demand, but the self-regulation mechanism of market interest rate pricing will also play a very important role in this process.

In fact, if there are individual cities whose mortgage interest rates change due to LPR changes, which leads to the tension in the local real estate market, then market interest rate guidance will be relatively frequent, for example, once a month or two will be adjusted. LPR reflects the trend of loan market, and the trend of real estate market also reflects the trend of LPR, which is an interactive process.

According to people familiar with the situation, 13 provinces and municipalities have deployed the conversion of interest rate pricing benchmarks for personal housing loans, which may land next week.