At present, according to the data, in December 2018, the average interest rate of the country's first house loan was 5.68%, down 0.53% month on month, which was the first decline in the country's first average interest rate in 23 months. The decline of mortgage interest rate has more advantages than disadvantages for home buyers. For the trend of the real estate market in 2019, let's see the details!
From December 2016 to now, the trend of the average interest rate of the first house loan in China source: rong360 big data research institute
The first set of interest rates in first tier cities fell collectively
The national second home loan interest rate fell for two consecutive months
Recently, the news of "loose mortgage interest rates" came from many places, especially in the first tier cities. First, the Internet spread that some commercial banks in Shenzhen cut mortgage interest rates; After that, five new banks in Shanghai actually added the first set with a minimum of 95% discount, and the first set of HSBC Bank in Guangzhou only rose by 5%; Although there has been no recent adjustment of housing loan interest rate in Beijing, the current provision of "floating the benchmark interest rate by 10%" has also been significantly relaxed compared with the same period in 2017.
According to the statistics of rong360, in December 2018, the average value of the first set of interest rates in 17 cities showed a correction, and the average value of the first set of interest rates in Beijing, Shanghai, Guangzhou, Shenzhen and most popular second tier cities decreased to varying degrees. One month ago, in November 2018, only Guangzhou and Shenzhen had the first set of interest rate correction among the four first tier cities. In the lowest ranking of the first set of interest rates in China in December: Shanghai ranked first, Beijing Fourth, Guangzhou ninth and Shenzhen tenth. Beijing's ranking increased by two places compared with November.
The interest rate of second home loans fell earlier than that of the first set. According to the monitoring data of rong360 big data research institute, the average interest rate of second home loans in China in December 2018 was 6.04%, down 2bp from the previous month, and has fallen for two consecutive months. The average interest rate of second home loans decreased by 0.33% month on month in December.
The first set of interest rate in Wuhan was the highest in December
Harbin rose the most in the whole year
Unfortunately, although the correction of mortgage interest rate is a general trend, it seems that it has not been transmitted to the whole country. According to the monitoring data of rong360 big data research institute, in December 2018, the average interest rate of the first house loan in Wuhan was the highest in China. When it decreased by 2bp compared with the previous month, the first house loan interest rate in Wuhan was 6.24%.
Data source of average interest rate of first house loan in first tier and second tier cities in December 2018: rong360 big data research institute
Also eye-catching is Harbin - the average annual first set of interest rates rose by 14.01% year-on-year, the highest among the 35 cities monitored by financial 360; The lowest was Chongqing, with a year-on-year increase of only 0.04%.
In an interview with the media, Li Weiyi, a mortgage analyst at rong360 big data research institute, said, 'at present, there are signs of loosening in the mortgage interest rates of first tier cities in Beijing, Shanghai, Guangzhou and Shenzhen, whether one or two. It is preliminarily expected that other cities across the country will follow up the reduction, but the overall range will not be too large, and the market tone is still based on stability. "
Guo Yi, chief analyst of Heshuo institution, pointed out that for home buyers, the bank's capital is abundant, coupled with the liberalization of the credit line in the new year, the mortgage threshold will also be relaxed. Previously, the national mortgage interest rate generally rose by 10% - 15%, the rising part will gradually shrink, and the actual purchase cost of home buyers will be reduced.
The interest rate of Minsheng Bank was the most stable in 2018
Citigroup, Guangda and China Construction Bank changed greatly
After comparing the average interest rates of 15 domestic banks at the beginning and end of the year, Rong 360 found that in 2018, the average interest rate of Minsheng Bank merchants changed the least, only 1.58%; Citibank's average interest rate rose the most, at 8.31%, followed by Everbright Bank at 8.26% and China Construction Bank at 7.65%.
Year on year change of average interest rate of banks in 2018 (15 selected) data source: rong360 big data research institute
Rong 360 big data Research Institute pointed out that the increase of the average interest rate of each bank is related to the previous preferential margin of the bank and the rise in the later stage. The interest rate adjustment of specific banks in the later stage largely depends on the bank's liquidity and business strategy.
Yan Yuejin, research director of the think tank center of E-House Research Institute, said that after the RRR reduction, the bank's loan policy will tend to be loose, including development loans, personal mortgage loans, and even loans in the rental market. In fact, it will face a loose concept, which will help the activity of subsequent transactions in such markets.