Under the requirement of "housing is not speculation", financial supervision related to housing continues to be significantly tightened. Since the beginning of this year, many property market regulation policies have been overweight, and the cumulative number of real estate regulation has been nearly 200 times, and the data has shown an increasing trend month by month.
A few days ago, the central bank authorized the National Interbank Funding Center to issue the latest loan market quotation (LPR). Although the latest LPR has not been adjusted, the mortgage interest rates in several mainstream cities have been significantly improved, and the lending cycle of some bank loans has also been extended.
The industry expects that the real estate credit environment will face further tightening pressure, and it is expected that the mortgage interest rate will continue to increase, which will further adjust the market volume and price.
Multi-site mortgage interest rates rose month-on-month
On May 20th, the National Inter-bank Funding Center announced the new version of LPR quotation, with 3.85% for 1 year varieties and 4.65% for 5-year varieties. The market quotations of these two loans remain unchanged for 13 months.
For the real estate market, LPR over five years is closely related to the mortgage interest rate, so it has attracted much attention. Because the increase in interest rates means that the cost of buying a house will increase. Although the latest LPR has not been adjusted, recently, many hot cities in the property market, such as Guangzhou, Shenzhen, Ningbo and Hangzhou, have frequently heard the actions of commercial banks to raise mortgage interest rates.
On May 6th, Shenzhen Construction Bank took the lead in raising the interest rate of the first home loan from 4.95% to 5. 10%. Subsequently, many banks in Shenzhen began to follow up. The first home loan interest rates of Shenzhen Branch of the four major banks have all been raised to 5. 10%, and the second home loan interest rate has been raised to 5.60%.
Not only in Shenzhen, but in fact, the price of mortgages has generally increased nationwide recently.
Among the 42 cities monitored by Rong360 Big Data Research Institute in May (the data monitoring period is 2021April 20-May 18), the average interest rate of the first home loan in China is 5.33%, up 2 BP from the previous month. The average interest rate of the second home loan was 5.6 1%, up 2BP from the previous month. Among them, the average mortgage interest rate of 2 1 city increased month-on-month, and the increase rate of 3 cities was above 10BP.
According to the mainstream mortgage interest rate data of key cities released by RealData, the interest rates of the first home loan and the second home loan in 72 cities monitored in May were 5.47% and 5.73%, respectively, which were 6 basis points higher than those in April.
In addition to the rise in mortgage interest rates, the amount of mortgage loans in some areas has also been tightened, and the lending cycle has been further lengthened. It is understood that Guangdong financial institutions are strictly controlling the increase and increment of personal mortgage quota, and the mortgage cycle of many banks is being extended, and the audit has become more stringent.
"This year's mortgage interest rate is essentially different from last year." Yan Yuejin, research director of the think tank center of Yiju Research Institute, told Changjiang Business Daily that the mortgage interest rate was controlled by the quota last year, and this year, banks should also assume greater responsibility for maintaining stability in terms of "staying and not speculating". From last year to now, the control of the mortgage amount will indeed have an impact on the loan flow and interest rate, and it will be tightened from the follow-up thinking, but it should be observed at the end of the year. "If housing is not speculation, the housing problem in big cities will still be solved. This is the content that needs attention in the future, and regulation will still be carried out. In the case of whipping, the enthusiasm of local regulation has improved. "
The regulation of the property market continues to be strict.
A few days ago, it was reported that under the policy of "housing and not speculating", the fund industry association has recently stopped the filing of real estate supply chain products of fund subsidiaries. The main performance of this kind of products is that the fund subsidiaries buy the balance assets held by the factoring company and continue to invest in new balance assets after the capital returns. The fund industry association still believes that some asset management plans still provide convenience for the capital turnover of real estate development enterprises in essence, increase the leverage of real estate development enterprises to a certain extent, and violate the national policy of "housing and not speculating".
In addition to being written into the government work report for many times, "housing and not speculating" has also been included in the "14 th Five-Year Plan", and the goal of stabilizing land prices and housing prices and the expected "three stability" is more clear. At this point, the regulatory authorities have frequently increased supervision, which has also set the tone for the future development trend of the real estate market.
Recently, the China Banking Regulatory Commission reported that in 2020, * * * made an administrative penalty decision of 658 1 piece, with a total fine of 2.275 billion yuan. Among the tickets issued, there are a large number of illegal scenes such as real estate loan financing and credit funds flowing into the stock market in violation of regulations, especially some large tickets generally involve the real estate field.
According to statistics, with the intensive introduction of real estate control policies, from 1 to April this year, the total number of real estate control in China was 186, and it showed a trend of increasing month by month. Not only that, more than ten cities including Guangzhou, Hefei and Chengdu were interviewed and supervised by the Ministry of Housing and Urban-Rural Development to varying degrees during the year.
At the end of 2020, the central bank and the China Banking Regulatory Commission issued the Notice on Establishing the Management System of Real Estate Loan Concentration in Banking Financial Institutions, which will set the management requirements of real estate loan concentration in different grades according to the asset size and institution type of banking financial institutions, and set "two red lines" for real estate and personal housing mortgage loans. Since then, the amount of mortgage loans in first-tier cities such as Shanghai, Shenzhen and Guangzhou has been tight, and even many banks have "stopped lending".
Since the beginning of this year, the strict control policy has continued to heat up, and many places have successively issued documents to strictly investigate real estate development loans, personal housing loans, consumption and business loans, "freezing funds" and other housing-related loan businesses. Strict supervision of housing-related loans continues. Commercial banks have raised the requirements for pre-lending review and lending cycle of mortgages, so mortgage interest rates in some hot cities have been raised several times.
Yan Yuejin believes that the biggest change in the recent loan trend is the collective upward adjustment of banks. This collective increase, on the one hand, shows that there is window guidance, on the other hand, there is a sense of * * *, that is, banks generally feel the pressure, and everyone has adjusted interest rates in unison, which is a tacit understanding. Similar adjustments naturally require buyers' attention, and loans should guard against risks. "Especially the second-hand housing, pay attention to. If the loan allocation is not in place, it is easy to cause disputes. "