LPR下调落地，广州首套房贷利率“一降一升”维持3％

Core Viewpoint - The People's Bank of China has lowered the Loan Prime Rate (LPR) by 10 basis points, with the 1-year LPR and the 5-year LPR adjusted to 3.00% and 3.50% respectively, while some cities like Guangzhou and Xiamen have adjusted their mortgage rates accordingly to maintain stability in the housing market [1][4][6]. Summary by Relevant Sections Loan Prime Rate Adjustment - The LPR was reduced by 10 basis points on May 20, with the 1-year LPR dropping from 3.10% to 3.00% and the 5-year LPR from 3.60% to 3.50% [1][4]. - This adjustment is expected to influence mortgage rates across various regions, including Guangzhou and Xiamen [1][6]. Regional Mortgage Rate Changes - In Guangzhou, the first home loan interest rate was adjusted from LPR-60 basis points to LPR-50 basis points, effectively maintaining the rate at 3% after the LPR adjustment [2][4]. - Xiamen's first home loan interest rate was also adjusted, moving from LPR-50 basis points to LPR-45 basis points, resulting in a current rate of 3.05% [6]. Industry Self-Regulation and Market Stability - The adjustment in mortgage rates is part of an industry self-regulation effort to prevent excessive competition among banks that could lead to relaxed risk controls and increased non-performing loans [1][5]. - A self-regulatory rule has been established in Guangzhou to maintain the first home loan interest rate at no lower than 3%, providing a stable expectation for the market [5][6]. Future Outlook on Mortgage Rates - Experts believe there is still room for further reductions in mortgage rates in Guangzhou, despite the current stability [7][10]. - The overall trend indicates that mortgage rates may continue to decline in response to changes in deposit rates and policy rates [10]. Market Performance Indicators - Recent data shows fluctuations in the real estate market, with new home sales in Guangzhou experiencing a decline in transaction volume, while second-hand home transactions have seen growth [9]. - The statistics indicate a mixed performance in the housing market, with new home sales down by 22% month-on-month, while second-hand home sales increased by approximately 12.97% year-on-year [9].