Di Yi Cai Jing·2025-09-13 01:12Core Viewpoint - Multiple banks in Shenzhen have initiated adjustments to housing loan interest rates, eliminating the distinction between first and second homes, which is expected to reduce the total repayment cost for second home loans significantly [1][2]. Group 1: Policy Changes - On September 12, 12 banks, including Industrial Bank and Agricultural Bank of China, announced adjustments to their housing loan interest rates based on the new policy from Shenzhen [1][2]. - The new policy states that the interest rate for second home loans will be reduced by 40 basis points compared to previous rates, which were LPR-45BP for first homes and LPR-5BP for second homes [2][3]. Group 2: Financial Impact - For a loan of 1 million yuan over 30 years, the total repayment cost for second home loans will decrease by nearly 80,000 yuan, with monthly payments reduced by approximately 220 yuan [2][3]. - The adjustment mechanism for existing loans allows borrowers with rates higher than the average new loan rates plus 30 basis points to apply for a rate adjustment [4][5]. Group 3: Market Reactions - Experts suggest that while the interest rate reduction has a positive impact, the actual effect on the housing market may be limited, as factors like buyers' payment capabilities and market competition play a more significant role [3]. - The adjustment of existing loan rates is part of a broader mechanism established by the central bank to ensure that existing loan rates align more closely with current market conditions [4][5].