economic director financial review丨real estate market policies are frequently introduced, which is more conducive to improving home buyers
2024-10-01
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on the evening of september 29, property market policies were released intensively. the people's bank of china and the state administration of financial supervision have jointly launched a number of real estate policies, including guiding banks to lower existing mortgage interest rates, unifying the minimum down payment ratio for mortgages to 15%, extending the validity period of some real estate financial policies, and optimizing refinancing policies for affordable housing, etc. .
that night, shanghai, shenzhen, guangzhou and other cities successively introduced new policies for the property market. shanghai has clearly lowered the down payment ratio and existing mortgage interest rates; guangzhou has canceled the housing purchase restriction policy; shenzhen has optimized the zoning housing purchase restriction policy and adjusted the minimum down payment ratio for the first home to 15%.
the intensive real estate policies introduced this time are very powerful and will definitely have a positive impact on the market. first of all, this has brought significant benefits to the current existing loans. the reduction in interest rates means that the interest burden of existing mortgage borrowers has been reduced. taking an existing mortgage loan with a term of 1 million yuan, 25 years, and equal principal and interest repayments as an example, assuming that the mortgage interest rate is reduced from 4.4% to 3.55%, the borrower can save about 5,600 yuan in interest expenses every year, benefiting many families.
it is expected that the existing mortgage interest rate reduction policy will benefit 50 million households and 150 million people, reducing the total interest expenses of households by about 150 billion yuan per year on average. this will help promote the expansion of consumption and investment and have a positive impact on overall economic vitality.
secondly, for new loans, the decline in interest rates is also important. according to the policy notice of the central bank, for households purchasing housing with loans, commercial personal housing loans no longer distinguish between first and second housing, and the minimum down payment ratio is unified to no less than 15%.
this policy is generally good for the real estate market. the current mortgage interest rate is already at a low level. in addition, commercial personal housing loans at the national level will no longer distinguish between first and second homes, and the minimum down payment ratio will be unified at 15%. the overall policy is very friendly.
this policy will also effectively stimulate demand for improvement. in the past, the down payment ratio for second homes was relatively high. policies differentiated between first and second homes, and there were moderate restrictions on the purchase of second homes. today's policy adjustments will help encourage home buyers to make improvement replacements and further stimulate demand for improvement.
on september 26, a meeting held by the political bureau of the cpc central committee emphasized that to promote the real estate market to stop falling and stabilize, it is necessary to strictly control the increment, optimize the stock, improve the quality of commercial housing construction, increase the intensity of loans for "white list" projects, and support revitalize existing idle land. it is necessary to respond to the concerns of the masses, adjust the housing purchase restriction policy, reduce the interest rate of existing mortgage loans, speed up the improvement of land, taxation, banking and other policies, and promote the construction of a new model of real estate development.
the introduction of a series of policies is of great significance to the stable and healthy development of the real estate market.
(popular news·economic herald reporter sun ronan)
