The first home loan fell to the lowest level since 2018. It was mainly stable in the later stage.-Shanghai Metals Market

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The first home loan fell to the lowest level since 2018. It was mainly stable in the later stage.

Translation 03:02:44PM Jun 13, 2019 Source:Economic reference newspaper
The content below was translated by Tencent automatically for reference.

SMM News: financial 360 big data Research Institute released the "May 2019 China Housing loan Market report" shows that the average interest rate of the country's first home loan in May was 5.42%, down 1.09% from the previous month. After half a year of continuous reduction, the country's first home loan is now the lowest interest rate since 2018.

Li Wanfu, a researcher at Rong 360 big data Research Institute, said that the overall national mortgage interest rate continued to fall in May, but the adjustment of mortgage interest rates in different cities was different. In addition, mortgage rates in a small number of cities have bottomed out, and in some cities, although overall mortgage rates have fallen, some banks have begun to quietly raise mortgage rates.

Specifically, of the 35 cities monitored by the 360 big data Research Institute, the average interest rate on the country's first home loan in May 2019 was 5.42%, equivalent to the benchmark interest rate of 1.105 times, down 1.09% from the previous month and 3.27% from the same period last year. That is the lowest mortgage rate since 2018 and five basis points higher than at the end of 2017. The first home interest rates in Xiamen, Shanghai and Tianjin are all below 5.00 per cent; the mortgage rates in Wuhan and Hefei are above 5.90.

Of the 30 bank branches monitored in Shanghai, three this month cut their first mortgage rates and two raised them. After the adjustment, 14 banks implemented a 5 per cent discount on the benchmark interest rate, eight banks implemented the benchmark interest rate, six banks raised the benchmark by 10 per cent, one bank raised the benchmark by 15 per cent and one by 5 per cent.

However, from the perspective of Qingdao and Nanjing, lending rates have shown signs of rising. The average interest rate on the first home loan in Qingdao in May was 5.64%, up 0.06% from the previous month, while the average interest rate on the second home loan was 5.88%, up 0.05% from the same period last year, but still lower than the same period last year, according to the data. In Nanjing, the average interest rate for the first set in May was 5.58%, up 0.09% from the previous month, and the average interest rate for the second home was 5.85%, up 0.07% from the previous month.

In the context of interest rate fine-tuning, household loans have also hit new highs again. The May Financial Statistics report and the Social financing scale Increment Statistical data report released by the Central Bank show that among the new loans, household sector loans increased by 662.5 billion yuan, of which short-term loans increased by 194.8 billion yuan, medium-and long-term loans increased by 467.7 billion yuan, and loans from non-financial enterprises and government organizations increased by 522.4 billion yuan, of which short-term loans increased by 120.9 billion yuan, medium-and long-term loans increased by 252.4 billion yuan, and bill financing increased by 113.2 billion yuan. Loans from non-banking financial institutions increased by 5.8 billion yuan.

Zhang Dawei, chief analyst at Zhongyuan Real Estate, said the medium-and long-term loan data for the household sector in the first five months was an all-time high. On the one hand, the reason is the impact of the previous rate reduction, on the other hand, some of the mortgage demand transferred to 2019 in 2018. Data show that medium-and long-term household loans rose 2.27 trillion in the first five months, an increase of 240 billion yuan from 2.03 trillion in 2018.

Li Wanfu said that the mortgage rates in the first-tier cities have fallen slightly, while in some of the second-tier cities, some of the cities with a large previous decline have remained stable or slightly lower. Previously relatively strong cities such as Urumqi, Kunming, Shenyang and other places began to cut mortgage rates sharply. On the whole, this round of mortgage interest rate cuts are nearing the end, and it is not ruled out that the national average of mortgage rates will still fall, but more cities may remain stable in terms of mortgage rates next. Even a small number of hot cities will raise them.

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The first home loan fell to the lowest level since 2018. It was mainly stable in the later stage.

Translation 03:02:44PM Jun 13, 2019 Source:Economic reference newspaper
The content below was translated by Tencent automatically for reference.

SMM News: financial 360 big data Research Institute released the "May 2019 China Housing loan Market report" shows that the average interest rate of the country's first home loan in May was 5.42%, down 1.09% from the previous month. After half a year of continuous reduction, the country's first home loan is now the lowest interest rate since 2018.

Li Wanfu, a researcher at Rong 360 big data Research Institute, said that the overall national mortgage interest rate continued to fall in May, but the adjustment of mortgage interest rates in different cities was different. In addition, mortgage rates in a small number of cities have bottomed out, and in some cities, although overall mortgage rates have fallen, some banks have begun to quietly raise mortgage rates.

Specifically, of the 35 cities monitored by the 360 big data Research Institute, the average interest rate on the country's first home loan in May 2019 was 5.42%, equivalent to the benchmark interest rate of 1.105 times, down 1.09% from the previous month and 3.27% from the same period last year. That is the lowest mortgage rate since 2018 and five basis points higher than at the end of 2017. The first home interest rates in Xiamen, Shanghai and Tianjin are all below 5.00 per cent; the mortgage rates in Wuhan and Hefei are above 5.90.

Of the 30 bank branches monitored in Shanghai, three this month cut their first mortgage rates and two raised them. After the adjustment, 14 banks implemented a 5 per cent discount on the benchmark interest rate, eight banks implemented the benchmark interest rate, six banks raised the benchmark by 10 per cent, one bank raised the benchmark by 15 per cent and one by 5 per cent.

However, from the perspective of Qingdao and Nanjing, lending rates have shown signs of rising. The average interest rate on the first home loan in Qingdao in May was 5.64%, up 0.06% from the previous month, while the average interest rate on the second home loan was 5.88%, up 0.05% from the same period last year, but still lower than the same period last year, according to the data. In Nanjing, the average interest rate for the first set in May was 5.58%, up 0.09% from the previous month, and the average interest rate for the second home was 5.85%, up 0.07% from the previous month.

In the context of interest rate fine-tuning, household loans have also hit new highs again. The May Financial Statistics report and the Social financing scale Increment Statistical data report released by the Central Bank show that among the new loans, household sector loans increased by 662.5 billion yuan, of which short-term loans increased by 194.8 billion yuan, medium-and long-term loans increased by 467.7 billion yuan, and loans from non-financial enterprises and government organizations increased by 522.4 billion yuan, of which short-term loans increased by 120.9 billion yuan, medium-and long-term loans increased by 252.4 billion yuan, and bill financing increased by 113.2 billion yuan. Loans from non-banking financial institutions increased by 5.8 billion yuan.

Zhang Dawei, chief analyst at Zhongyuan Real Estate, said the medium-and long-term loan data for the household sector in the first five months was an all-time high. On the one hand, the reason is the impact of the previous rate reduction, on the other hand, some of the mortgage demand transferred to 2019 in 2018. Data show that medium-and long-term household loans rose 2.27 trillion in the first five months, an increase of 240 billion yuan from 2.03 trillion in 2018.

Li Wanfu said that the mortgage rates in the first-tier cities have fallen slightly, while in some of the second-tier cities, some of the cities with a large previous decline have remained stable or slightly lower. Previously relatively strong cities such as Urumqi, Kunming, Shenyang and other places began to cut mortgage rates sharply. On the whole, this round of mortgage interest rate cuts are nearing the end, and it is not ruled out that the national average of mortgage rates will still fall, but more cities may remain stable in terms of mortgage rates next. Even a small number of hot cities will raise them.

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business