Today's house prices are only high. For just need, you can only buy a house by loan. Loan to buy a house involves interest rate. So what is the interest rate for buying a house? What are the changes in mortgage interest rates in 2018? Let's follow Xiaobian and get to know it!
What is the interest rate of house purchase loan?
1. Since the central bank cut the interest rate in October 2017, the benchmark interest rate currently implemented by the bank is: the interest rate for loans less than one year (including one year) is 4.35%; The interest rate from one year to five years (including five years) is 4.75%; 4.90% for more than five years. In 2018, the bank will also follow this benchmark interest rate.
2. At present, the benchmark interest rate of commercial loans with a loan term of more than 5 years is 4.90%. Due to the influence of the restricted purchase and loan restriction policy, local banks have made different adjustments to the loan interest rate of the first house. The latest data of the bank information port shows that the average interest rate of the first house in China is 5.38%, and the interest rate generally rises by 5% - 20%. The interest rate of second house loans generally rose by 10% - 30%. Over the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second house loans generally rose by 10%.
3. The second house is defined as the number of house loans recognized by the borrower's family (including the borrower, spouse and minor children). If the family that has purchased the house with provident fund loan or commercial loan applies for house loan again, it will be regarded as the second house.
What are the latest news of 2018 mortgage interest rate?
1. Some people in the industry said that the real estate market will enter the "frozen house era" in 2018. Take the first tier city Shenzhen as an example. Shenzhen is the leader in the last wave of real estate market rise, leading the country for about a year. As early as a few months ago, there were speculation in the industry about whether Shenzhen, Beijing and other first tier cities will launch sales restriction policies, The first piece of ordinary residential land sold in Shenzhen in 2018 was subject to a five-year sales restriction.
2. In this year's environment of tightening national regulation and control, real estate investors bear the brunt of the blow. We all know that the main purpose of sales restriction is to curb speculation. Once the time for rising house prices comes, they will decisively cash out. For real estate speculators, the longer they hold it, the higher the risk and cost. As soon as the sales restriction policy is introduced, it greatly improves the investment risk and cost of real estate speculators.
The above is a detailed introduction about the interest rate of house purchase loan and the latest news of 2018 house loan interest rate. I hope it can help friends in need. It can be seen that the current mortgage interest rate is almost floating, which is also caused by a series of measures in recent two years to curb real estate speculation and alleviate the excessive growth of house prices. We should pay attention to it when lending.