Which cities can relax the lower limit of the interest rate of the first housing loan?

21st Century Business Herald Reporter Kong Haili Beijing report

On September 29, the People's Bank of China and the China Banking Regulatory Commission issued the "Notice on Phased Adjustment of Differential Housing Credit Policy". Eligible urban governments can independently determine the staged maintenance, down or cancellation of the local real estate market situation changes and regulation requirements according to the local real estate market situation changes and regulation requirements. Lower limit of interest rates for commercial personal housing loans in the first home of the local housing.

The "Notice" clearly states that for cities with the month-on-month and year-on-year decline in the sales price of new commercial housing in June-August of 2022, before the end of 2022, the initial set of the first house's commercial personal housing loan rate was limited at the end of 2022. The lower limit of the two -sets of commercial personal housing loan interest rate policy is implemented in accordance with the current regulations.

The "Notice" pointed out that in accordance with the principle of "policy of the city", the urban government, which meets the above conditions, can independently determine the staged maintenance, lowering or canceling the local first house commercial personal housing loan interest rate limit in accordance with the changes and regulation requirements of the local real estate market situation and regulation requirements. The People's Bank of China and the Banking Insurance Regulatory Commission sent institutions to guide the provincial market interest rate pricing and self -discipline mechanism.

According to the data provided by the Think Tank Center of the E -House Research Institute, at least 23 cities in the 70 large and medium -sized cities in the National Bureau of Statistics meet the requirements of the new policy. There are 8 second -tier cities, namely Harbin, Lanzhou, Wuhan, Dalian, Tianjin, Shijiazhuang, Kunming and Guiyang; there are 15 third -tier cities, including Quanzhou, Wenzhou, Luzhou, Yueyang, Yichang, Beihai, Dali, Qinhuangdao, Zhanjiang, Zhanjiang , Baotou, Anqing, Jining, Changde, Xiangyang and Guilin.

Yan Yuejin, the research director of the Think Tank Center of the E -House Research Institute, said that the policies issued by the Central Bank and the CBRC are in line with expectations, and it is also the two executive meetings of the State Council mentioned that "one city and one policy uses policy tools such as credit". Policies with greater intensity. "In the fourth quarter, a new round of housing loans will be ushered in the wave of interest rate cuts, which will help reduce the cost of mortgage and boost market transaction." He said.

Zhang Dawei, the chief analyst of Zhongyuan Real Estate, believes that the interest rate of the first house loan in nearly 80 cities in the country has been reduced to 4.1%. If it continues to be reduced, it can further reduce the cost of home buyers. Continuous interest rate cuts have also implemented the State Council to "support housing rigidity and improve housing demand for housing. "The requirements of market confidence and market expectations will play a positive role.

The following is the original text of "Notice"

Notice of the Bank of China Bank of China Insurance Supervision and Administration on Pagot Monitoring Different Housing Credit Policy

The Shanghai Headquarters of the People's Bank of China, branches, business management departments, provincial capitals (capital) urban central branches, deputy provincial urban center branches; Banking Regulatory Bureau:

In order to adhere to the positioning of the house to live, not to speculate, and fully implement the long -term real estate mechanism, because the city's policy uses a good policy box to better support the rigid housing demand, promote the steady and healthy development of the real estate market, according to the State Council according to the State Council. Relevant deployment, the notification of related matters related to differentiated housing credit policies is as follows:

1. For cities with the month-on-month and year-on-year decline in the sales price of new commercial housing in June-August of 2022, before the end of 2022, the interest rate of the first house of commercial personal housing loans was relaxed at the end of 2022. The lower limit of the two -sets of commercial personal housing loan interest rate policy is implemented in accordance with the current regulations.

2. In accordance with the principle of "policy of the city", the urban government, which meets the above conditions, can independently determine the lower limit of the interest rate of the local first house in the local house in accordance with the changes and regulation requirements of the local real estate market situation and regulation. , The Banking Insurance Regulatory Commission sent an agency to guide the provincial market interest rate pricing and self -discipline mechanism to cooperate.

People's Bank of China Bank of China Insurance Supervision and Administration Commission

September 29, 2022

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