首套、二套都降，公积金利率下调能省多少钱？

Core Points - The People's Bank of China announced three major policies: a 50 basis point reserve requirement ratio (RRR) cut, a 10 basis point reduction in commercial mortgage rates, and a 25 basis point decrease in housing provident fund loan rates starting May 8, 2025 [2][6][10] - The RRR cut allows banks to have more liquidity for lending, effectively injecting more money into the market [2] - The commercial mortgage rate for first-time homebuyers will decrease from 3.15% to 3.05%, while the loan rate for housing provident funds will drop from 2.85% to 2.60% for first-time buyers and from 3.325% to 3.075% for second-time buyers [2][3] Monetary Policy Impact - The recent interest rate cuts are seen as a response to the significant appreciation of the RMB, which has created room for lowering rates [6] - Economic data from April indicated potential deflation risks, with a notable decline in housing prices across major cities, prompting the need for these policy adjustments [8][10] - The average price of second-hand residential properties in 100 cities fell by 0.69% month-on-month and 7.23% year-on-year, highlighting the current challenges in the real estate market [8] Market Sentiment - The combination of RRR cuts, interest rate reductions, and housing loan adjustments signals a shift in policy direction, aimed at restoring market confidence and expectations [10] - While the immediate impact may not be substantial, it is expected to alleviate monthly payment pressures for homebuyers, particularly those planning to purchase soon [3][10] - Future interest rate adjustments may depend on the actions of the US Federal Reserve, with expectations that the first mortgage rates could drop below 3% later this year [10]