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The first suite's average interest rate was raised for the first time in 2016! Mortgage turning point came?
In November, the average interest rate for the first suite in the country was 4.45%, which rose for the first time. The tightening of the country’s mortgage policy resulted in a 30% increase in the down payment for the first suite, with 30% of the down payment for the first suite accounting for the mainstream and 38.3% for the first suite accounting for 58.35%. The average interest rate for the second suite this month was 5.40%, an increase of 0.01% from the previous month.
The average mortgage rate of the first suite in the country is 4.45% for the first time.
      The average interest rate for the first suite in the country in November was 4.45%, which was the first time in the recent year. As of November 20, of the 533 banks across the country, a total of 182 banks had adjusted the down payment for the first suite to 20%, a decrease of 9 from the previous month, accounting for 34.15% of the total. In addition, among the 533 banks nationwide, there are 3 banks that pay 2.5 percent of the down payment, and 311 banks have 30% of the down payment, accounting for 58.35% of the total.
Changes in mortgage interest rates in the top 10 key cities in China
      Beijing: The average interest rate for the first suite is 4.21%; Shanghai: The average interest rate for the first suite is 4.41; Guangzhou: The average interest rate for the first suite is 4.21%; The average interest rate for the first suite in Shenzhen is 4.43%.
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          From the golden week to the present, the regulation and control efforts are unprecedented, the property market has cooled down significantly, and the housing volume of the major cities in the country has declined. Local governments have resorted to urban policies to curb investment demand. It is expected that more cities with more fierce property markets will adopt purchase restrictions or upgrade purchase policies in the future.
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