This news is really good news for friends who have mortgages.
This means that if the LPR conversion is handled and implemented according to the latest pricing, the monthly repayment is actually less!
How much can you pay back less? Bian Xiao will give you an example of trying.
Example: Zhu Xiao obtained a loan of100000 yuan on May 5, 20 18, with a loan term of 30 years. The repayment method is equal principal and interest, and the loan interest rate is 65,438+00% higher than the benchmark interest rate. At present, the interest rate is 5.39%, and the monthly repayment is 5609.07 yuan.
After hearing about the decline of LPR, Zhu Xiao made LPR conversion, chose floating interest rate, and took the corresponding date of the loan issuance date (i.e. May 5th) as the repricing date.
Before the re-pricing date (May 5, 2020), the loan interest rate in Zhu Xiao was still 5.39%.
Since the LPR of 2065438+2009 issued in February was 4.8%, the increase range of this loan was 5.39%-4.8%=0.59%.
On April 20, 2020, the LPR over five years was 4.65%. After May 5th, the loan interest rate in Zhu Xiao became: 4.65%(LPR)+0.59% (plus points) =5.24%, and the monthly repayment amount became 55 15.84 yuan.
Compared with before the restructuring, Zhu Xiao can pay back 93.23 yuan less every month. The loan interest rate will remain unchanged until the next repricing date.
With the reduction of LPR interest rate, what is the follow-up trend of the real estate market?
In view of this problem, it is generally believed in the industry that the downward adjustment of LPR for more than five years is beneficial to the property market, which reduces the repayment pressure to a certain extent. Recently, the signs of easing released by some local property markets have enhanced the confidence of buyers in entering the market.
According to the statistics of relevant market participants, the pace of issuing pre-sale certificates in various places has accelerated recently, and bank loans have become more active. Under the effect of reducing the pressure of monthly supply, the demand for house purchase is expected to be released, which in turn will drive the market turnover to rise.
Although the downward trend of LPR interest rate is conducive to driving the property market to pick up, it can be seen from the attitude of the regulatory authorities that the policy tone of "staying and not speculating" will not change in the future.
The decline of LPR in this period is 20 basis points and 65,438+00 basis points lower than that in the previous period in 65,438+0 and 5 years respectively, which is called asymmetric interest rate reduction. Since loans with a term of five years or more are mostly personal housing loans, this asymmetric interest rate cut reflects that the high-level thinking on real estate regulation remains unchanged, and they still insist on guiding funds to flow to the real economy, not the real estate sector. This kind of thinking will not change because of the special period of the epidemic.
On April 17, a meeting was held in the Political Bureau of the Central Committee, China. The meeting pointed out that a prudent monetary policy should be more flexible and moderate, maintain a reasonable and sufficient liquidity by reducing RRR, cutting interest rates, refinancing and other means, guide the downward interest rate in the loan market, and use funds to support the real economy, especially small and medium-sized enterprises. At the same time, it is once again put forward that "houses are used for living, not for speculation, so as to promote the stable and healthy development of the real estate market".