Difference between the interest rate of the first home loan and the benchmark interest rate in 2022

What is the interest rate of the first home loan in Tianjin in 2022? What's the difference from the original?

"The lower limit of the first set of commercial personal housing loan interest rate is adjusted to not less than the quoted interest rate of the loan market minus 20 basis points in the same period, and the lower limit of the second set of commercial personal housing loan interest rate policy is implemented according to the current regulations." This means that if you buy an ordinary house and it is the first set, you can enjoy a big discount of 20 basis points lower than the LPR benchmark interest rate.

The previous policy was:

The interest rate of the first set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market, and the interest rate of the second set of commercial personal housing loans shall not be lower than the quoted interest rate of the corresponding term loan market plus 60 basis points.

The interest rate of the first suite is not less than 4.6%(* plus 0), and the interest rate of the second suite is not less than 5.2%(60 basis points). Now the first set is lowered by 20 basis points, which is equivalent to "15% off", and the second set remains unchanged. This means that the mortgage will be the same as in 2009, and the benchmark interest rate can be discounted.

What needs to be clear is that this is a unified "guiding opinion" of the whole country. It is not to let all cities cut interest rates directly, but to set a lower limit for local implementation space.

We asked the bankers in Tianjin and got the answer:

"Look at the situation of cities and banks. At present, the interest rate of the first suite in Tianjin is LPR+30 basis points. If it falls to *, it is LPR-20 basis points, which is 4.4%, but we still need to wait for the notice. "

It should be noted that the document says "Ordinary Self-occupied Housing+First Set". If the residential area exceeds 144 square meters, or the plot ratio of residential area is lower than 1.0, it is not an ordinary residence and cannot enjoy the above interest rate concessions. The policy only supports the first home loan, and the lower limit of the second home loan interest rate is still 5.2%.

Tianjin showed signs of lowering the mortgage interest rate two days ago. China Merchants Bank "fired a shot", and the interest rate of the first home loan is planned to drop to LPR+20 basis points. That is, 4.8%, down 10 basis point.

Banks are also studying the issue of "lowering interest rates", and more banks may follow suit. Now that the central bank has officially spoken, it is "justified" to cut interest rates. In order to actively respond to the call of the central bank, it is expected that the interest rate of the first home loan in Tianjin will be lowered soon.

As for those who have already bought a house, will the interest rate drop?

If LPR has been converted or signed, the base point will never change. Only when LPR falls, the interest rate will fall accordingly. It is expected that on the 20th of this month, the probability of LPR downward adjustment is very high. If the base point of Tianjin can reach -20, it is also a "lifelong follow-up", which is a rare opportunity. The voice of the central bank shows the determination of relevant departments to save the market. Judging from the current policy direction, the credit environment is expected to be further relaxed, and interest rate cuts must not be the next step. In any case, the vane of policy is of great significance.

First, the Politburo meeting decided to support the just-needed and improved groups, and then the central mother actually cut interest rates. Clear the direction of the property market, it is necessary to make a decision to buy a house. For more information, please pay attention to Tianjin Xiqing Wu Ji. Arrive in the whole city, make an appointment to see the house online, and send branded home appliances or branded mobile phones after the transaction (special housing and bonus points will be implemented as usual during the event). Please consult the sales office below for details.

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