This annual interest rate is very high for the first set of first-tier cities, generally between 4.3 and 4.9; For the second suite, it is also slightly higher, generally around 5.3%.
For non-first-tier cities, it is not high, such as Suzhou, which has been widely in 5.8-6.3% in the past two years. Now, the annual interest rate has dropped slightly, and 5.5% is unremarkable.
Mortgage interest basically rises 10% on the benchmark loan interest rate, so what is the annual interest rate across the country? The answer is slightly lower than the national standard. At present, the average annual interest rate of the first home loan in China is 5.42%.
If it is a second suite, the annual interest rate will be higher than this. Because the national average annual interest rate of non-first-home loans has not been announced, it is difficult to know. However, in-depth analysis also knows that the housing purchase restriction policy is limited, especially for two or more houses, so the interest rate of the second home should be higher than the first home loan.
Different mortgage interest rates in different periods are related to the degree of real estate regulation. In the case of encouraging home purchase, reduce mortgage interest. For example, the gradual mortgage interest of 20 15 is a downward trend (because interest rates should be cut to encourage home purchases). Until the end of 20 16, the interest rate of the first home loan across the country was as low as 4.45%, which may be the least mortgage in ten years.
Since then, with the rapid growth of housing prices in first-tier cities, the aftermath of the big bull market in the housing market has been transmitted to second-tier cities, and more and more people have entered the housing market. The transaction volume of the housing market has soared, and the annual interest rate has also increased. The housing market in the growing big cities is once again under strict control.
The average annual interest rate of the first home loan in China has reached 5.7 1%, which is relatively high. At this time, all parts of the country have entered a strictly controlled housing market. The slogan of "resolutely curbing the rise in housing prices" is shouted under such circumstances. Since 20 19, the transaction volume of the housing market has declined for the first time for 43 consecutive months, indicating that the real estate regulation has achieved results. However, the deserted housing market is not in line with macroeconomic rights and interests. "Stability" is the standard of overall planning, so many big cities in China have successively liberalized the pressure purchase restriction policy, although it was later cancelled. However, it is an objective fact that the average annual interest rate of the first home loan has dropped. The transaction volume of the housing market continues to decline, and it is also declining.
Mortgage interest is annualized, and mortgage interest is required by the central bank. The amount of mortgage interest is related to the loan term. The benchmark interest rate for 20 18-year loans is 4.35% within one year (including one year), 4.75% for one to five years (including five years), and 4.90% for loans over five years; When applying for housing loans, financial institutions will have certain fluctuations.
When applying for a housing loan, the lender must have excellent personal credit information and the corresponding repayment ability, and the legal age must be 18 years old. The house has paid the down payment and signed a labor contract. Only in this way can the lender apply for a loan. When applying for housing loans, there are generally two repayment methods, namely, average capital repayment method and matching principal and interest repayment method; When choosing the repayment method, many people are worried. In fact, which repayment method is good must be decided according to my income; If the wage income is high, it is recommended that you choose the equal principal repayment; if the income is low, it is recommended to choose the equal principal and interest repayment. Lenders and financial institutions must repay the loan on time after signing the loan agreement. If the financial institutions in loans overdue have the right to recover the loan in several installments, if they fail to pay it back all the time, the financial institutions are likely to bid for the house, and the lenders will suffer a lot of money at this time. It is best to evaluate the repayment ability when applying for a housing loan, and abandon the loan if there are difficulties.