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CCTV news: On May 17, the People's Bank of China issued a number of new policies for house purchases, what are the specific contents and what changes will be brought to home buyers? Let's find out.
The People's Bank of China and the State Administration of Financial Supervision and Administration issued a notice: For resident families who take out loans to purchase commercial housing, the minimum down payment ratio of commercial personal housing loans for the first house shall be adjusted to no less than 15%; The minimum down payment ratio for commercial personal housing loans for second housing is adjusted to not less than 25%.
In addition, the People's Bank of China decided to reduce the interest rate of personal housing provident fund loans by 0.25 percentage points from May 18, 2024, and the interest rates of the first personal housing provident fund loans below 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively; The interest rate of the second set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to not less than 2.775% and 3.325% respectively.
At the same time, the lower limit of the interest rate policy for commercial personal housing loans for the first and second houses at the national level will be abolished.
According to the analysis and prediction of experts, after the lower limit of the interest rate policy for commercial personal housing loans for the first and second houses at the national level is abolished, the interest rate of housing loans in most cities may drop by 0.3 or 0.4 percentage points, and the total interest expense can be reduced by more than 70,000 yuan according to the calculation of a loan of 1 million, a term of 30 years, and equal principal and interest repayment.