2023-10-13 16:20:00
Xinhua News Agency, Beijing, October 13 (Reporters Zhang Qianqian and Wu Yu) Zou Lan, Director of the Monetary Policy Department of the People’s Bank of China, introduced on the 13th that the work of reducing the existing first-home mortgage interest rates is basically nearing completion. The weighted average interest rate following adjustment for the existing first-home loan interest rates was 4.27%, with an average decrease of 0.73 percentage points.
Zou Lan said at a press conference held by the People’s Bank of China that day that from September 25 to October 1, in the first week of the implementation of the policy to reduce the interest rate of existing first-time home loans, 98.5% of the existing first-time home loans that met the conditions completed the interest rate reduction. A total of 49.73 million transactions worth 21.7 trillion yuan. At present, the vast majority of borrowers have enjoyed the benefits immediately. For other situations that require the borrower to provide supporting materials and the bank to identify them, the major banks will also complete the adjustment within one month.
Ruan Jianhong, director of the Survey and Statistics Department of the People’s Bank of China, introduced at the press conference that with the implementation of the policy of reducing the interest rate of existing first-home loans, the weighted average interest rate of China’s existing housing loans was 4.29% at the end of September, 42 basis points lower than the previous month, and achieved significant progress. The magnitude of the decline. The decline in existing mortgage interest rates can effectively reduce residents’ interest payments, improve residents’ spending power, and contribute to the steady growth of consumption.
On August 31, the People’s Bank of China and the State Administration of Financial Supervision issued a notice to guide both parties to commercial personal housing loans to adjust and optimize their assets and liabilities in an orderly manner, and to reduce the commercial personal housing loan interest rates for existing first homes. Starting from September 25, borrowers with existing commercial personal housing loans for first homes can apply to financial institutions, and the financial institution will issue a new loan to replace the existing commercial personal housing loans for first homes or negotiate to change the interest rate stipulated in the contract. level.
Original title: The reduction in existing first-home loan interest rates is coming to an end, and the average interest rate decrease is 0.73 percentage points.
Editor in charge: Gao Xiumu
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