存量房贷年减息3000亿，为何央行降息放缓了，后续还能减少吗？

Core Insights - The central bank's policy adjustment on existing mortgage rates has significantly benefited 50 million households, reducing interest expenses by approximately 300 billion, equating to an annual saving of 6,000 per household [1][4] - This policy is seen as a positive response to public sentiment, addressing the unfairness of the interest rate disparity between existing and new mortgages [4][13] Group 1: Impact on Households - The reduction in mortgage payments allows families to allocate saved funds towards investments and consumption, potentially saving 60,000 over 10 years and 180,000 over 30 years [4] - The policy is expected to alleviate financial pressure on households, enabling them to manage expenses related to housing, vehicles, and children more effectively [13] Group 2: Interest Rate Dynamics - The linkage of mortgage rates to the Loan Prime Rate (LPR) has resulted in a stagnation of LPR adjustments, with no changes for four consecutive months, contrasting with the Federal Reserve's rate cuts [7][13] - Current LPR rates are at 3.0% for one-year loans and 3.5% for loans over five years, indicating limited room for further reductions due to the already low deposit rates [7][9] Group 3: Banking Sector Implications - The current deposit rates are at historically low levels, with a 0.05% rate for demand deposits and 0.95% for one-year fixed deposits, suggesting a near-zero interest rate environment [9] - The narrowing spread between deposit and loan rates poses challenges for banks, particularly smaller institutions that rely heavily on interest income, potentially threatening their operational stability [9][13]