首套房贷利率进入“2”时代 楼市期待政策利好

Core Viewpoint - The People's Bank of China has lowered the Loan Prime Rate (LPR) for both 1-year and 5-year terms, which will lead to a decrease in mortgage rates, particularly for first-time homebuyers, marking a significant shift in the housing market [1][2]. Group 1: Interest Rate Changes - The 1-year LPR has been adjusted from 3.10% to 3.00%, and the 5-year LPR from 3.60% to 3.50%, resulting in a 10 basis point reduction for both [1]. - The average mortgage rate for first-time homebuyers is expected to drop to approximately 2.95%, with some cities potentially seeing rates as low as 2.90% [2]. Group 2: Impact on Housing Market - The reduction in mortgage rates is anticipated to lower housing costs, thereby stimulating demand for home purchases [3]. - The average weighted mortgage rate for new commercial personal housing loans in Q1 2025 was reported at 3.11%, with first-time homebuyer rates around 3.06% [2]. Group 3: Economic Context and Future Outlook - The recent interest rate cuts are part of a broader strategy to support the economy, particularly in light of weak external conditions and a challenging employment landscape [5]. - Analysts suggest that the current monetary policy will continue to trend towards greater easing, indicating a sustained period of lower interest rates [8]. - There is an expectation for additional supportive policies for the real estate market, including financial measures linked to housing sales and urban renewal initiatives [9].