It is worth mentioning that the People's Bank of China and the China Banking Regulatory Commission issued the Notice on Relevant Issues Concerning the Adjustment of Differentiated Housing Credit Policies on May 5 15, proposing that the lower limit of the first set of commercial personal housing loan interest rate should be adjusted to not less than the loan market quotation (LPR) of the same period minus 20 basis points, and the lower limit of the second set of commercial personal housing loan interest rate policy should be implemented according to the current regulations.
To put it simply, the lower limit of the interest rate of the first home loan for individual housing is now lowered from "LPR" to "LPR-20 basis points".
According to the LPR of 4.6% released on April 20th, the latest interest rate of the first home loan was reduced to 4.4% after the lowest reduction of 20 basis points in this notice.
For buyers, the 5-year LPR is closely related to the mortgage interest rate, and the mortgage interest rate =5-year LPR+ plus points. Therefore, if the 5-year LPR is lowered, the mortgage interest rate will also be lowered.
At present, the interest rate of the mainstream first home in Jiangmen has dropped to 5.0%-5. 1%, of which the minimum mortgage for the first home can reach 4.8% (for Jiangmen Rural Commercial Bank); The interest rate of the second home loan is basically maintained at 5.2%.
It is estimated that after the interest rate cut by LPR, the overall mortgage interest rate in Jiangmen will be lowered by 65,438+05% on the basis of the following table (the specific mortgage interest rate adjustment is subject to the bank).