全国范围内， 2026年1月1日起，存量商业贷款利率和存量公积金贷款利率将同步下降。 公积金贷款方面 ，自2025年5月8日起， 新发放的个人住房公积金贷款 利率下调0.25个百分 点。具体调整为： 而对于2025年5月8日以前已经发放的 个人住房公积金存量贷款 ，利率调整将从2026年1月1日 开始执行。 记者丨刘雪莹 见习记者林芊蔚 编辑丨吴桂兴 据上海公积金微信公众号，为落实中国人民银行2025年5月7日发布的下调个人住房公积金贷款 利率0.25个百分点的决定，上海市公积金管理中心同日发布了《关于调整本市个人住房公积金 贷款利率的通知》， 2025年5月8日前发放的未到期个人住房公积金贷款， 自2026年1月1日 起，将执行调整后利率， 无需借款人申请。 | 贷款期限 | 调整前 | | 2026年1月1日调整后 | | | --- | --- | --- | --- | --- | | | 首套 | 二套 | 首套 | 二套 | | 1-5年(含5年) | 2.35% | 2.775% | 2.1%↓ | 2.525% | | 5 年以上 | 2.85% | 3.325% | 2.6%↓ | 3.07 ...

而对于2025年5月8日以前已经发放的个人住房公积金存量贷款，利率调整将从2026年1月1日开始执行。 明日，存量公积金贷款利率以及存量商业贷款利率将同步下调，不少中国家庭的月供负担将得到进一步减轻。 公积金贷款方面，根据2025年5月7日中国人民银行发布的《关于下调个人住房公积金贷款利率的通知》，自2025年5月8日起，新发放的 个人住房公积金贷款利率下调0.25个百分点。具体调整为： 首套住房：5年以下（含5年）利率从2.35%降至2.1%，5年以上利率从2.85%降至2.6%。 第二套住房：5年以下（含5年）利率从2.775%降至2.525%，5年以上利率从3.325%降至3.075%。 对于选择以1月1日作为重定价日的首套房贷客户来说，如果执行的是LPR-30BP的贷款利率，那么重定价日贷款利率将调整为3.2%；如果 首套房执行的是LPR-45BP的贷款利率，那么最新的房贷利率将降至3.05%。 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 以普通家庭贷款120万元，贷款年限为30年，等额本息还款方式为例，利率调整后，首套房节省利息为57100. ...

来源：@第一财经日报微博 #北京200万房贷可省利息近16万#【#北京房贷利率不再区分首二套#】北京楼市迎来重磅新政。 12月24日，北京市住房城乡建设委、北京市发展改革委、人民银行北京市分行、北京住房公积金管理中 心四部门联合印发《关于进一步优化调整本市房地产相关政策的通知》（下称《通知》），自2025年12 月24日起施行。《通知》在放宽非京籍家庭购房条件、支持多子女家庭住房需求的同时，也进一步为购 房者减负。 根据现有政策，北京首套商贷利率为3.05%（LPR-45BP），五环内二套房商贷利率为3.45%（LPR- 5BP），五环外二套房贷为3.25%（LPR-25BP）；首套房和二套房最低首付比例分别为15%、20%。此 次调整后，首套二套房贷利率将保持一致，即统一为3.05%。 假设借款人与银行协商利率按照上述最低利率执行，以贷款金额200万元、期限30年、等额本息还款为 例计算，购房者若购买北京五环外二套房，月供将较新政前减少约218元，总利息支出将节省约7.85万 元；若购买五环内二套房，月供将减少约439元，利息总额节省约15.81万元。 根据现有政策，北京首套商贷利率为3.05%（LPR-4 ...

Core Viewpoint - The current real estate market in China is facing significant challenges, and potential buyers should consider long-term implications rather than immediate conditions when making purchasing decisions [3][4]. Group 1: Market Conditions - As of early 2025, real estate development investment in China has decreased to 19,904 billion yuan, reflecting a 9.9% year-on-year decline, indicating ongoing adjustments in the real estate sector [6]. - Despite government efforts, the market remains stagnant, with predictions of continued challenges in the coming years [6]. - The overall housing prices are not expected to rebound significantly, with predictions of a potential decline of 15% to 25% by 2028 according to Goldman Sachs [7]. Group 2: Risks for Buyers - The shadow of declining housing prices persists, with many buyers experiencing significant losses on their investments, as exemplified by a case where a buyer's property value dropped nearly 20% [7]. - There is an anticipated upward trend in mortgage rates due to economic recovery and inflation pressures, which could lead to increased monthly payments for homeowners [9][10]. - The aging population in China is altering housing demand, with a shift towards smaller, more suitable living arrangements for older demographics, potentially leaving larger properties in lower demand [11]. Group 3: Recommendations for Buyers - Buyers should prioritize the residential aspect of real estate over investment potential, focusing on properties that meet their living needs rather than speculative gains [13]. - It is advisable to maintain a conservative approach to borrowing, ensuring that monthly payments do not exceed 30% of household income and keeping reserves for potential rate increases [14]. - Understanding urban development plans and demographic trends is crucial, as these factors will influence property values in the future [15][16]. - Buyers should consider the liquidity and marketability of properties, opting for types that are easier to sell or rent in a downturn [17]. - A long-term financial plan should be established, taking into account future income expectations and potential changes in the economic landscape [18].

Core Viewpoint - The Federal Reserve has initiated a rate cut, marking a shift in focus from combating inflation to boosting employment, which is expected to have significant implications for the real estate market and broader economy [1][5]. Economic Context - The current economic downturn and declining real estate market are primarily driven by insufficient income, low income expectations, and weak consumer confidence [3]. - The anticipated rate cuts by the Federal Reserve are expected to create favorable conditions for a reduction in China's Loan Prime Rate (LPR), thereby easing the pressure on the Chinese yuan and providing more room for domestic monetary policy adjustments [3][5]. Impact on Mortgage Rates - A significant adjustment to mortgage rates is expected on September 22, which will likely lower both new and existing mortgage rates, as 99% of mortgage rates are linked to the 5-year LPR [6]. - A previous LPR cut in May reduced the total repayment amount for a typical mortgage, indicating that further reductions could similarly alleviate financial burdens for borrowers [6][7]. Effects on Homebuyers - Lower mortgage rates will directly reduce home buying costs, potentially reviving interest among first-time buyers and those with improvement needs [7]. - The psychological impact of lower rates may lead to increased expectations of rising home prices, prompting quicker purchasing decisions among consumers [7]. Developer Implications - The reduction in mortgage rates is expected to stimulate homebuyer demand, leading to increased sales and improved cash flow for developers, which is crucial for alleviating financial pressures [8]. - Developers may respond to increased market confidence by investing more in new projects and land acquisitions, positively impacting related industries [8]. Price Dynamics - The relationship between mortgage rates and home prices suggests that lower rates could exert upward pressure on prices, although high inventory levels may limit significant price increases [9]. - Developers may adopt pricing strategies to boost sales, particularly in lower-tier cities where inventory pressures are more pronounced [9]. Macroeconomic Impact - The real estate sector's recovery, driven by lower mortgage rates, is likely to stimulate growth in related industries, contributing to overall economic expansion [10]. - Increased disposable income from lower mortgage payments may enhance consumer spending, further driving economic growth [10]. Future Outlook - The upcoming mortgage rate adjustment is poised to create new opportunities and challenges for homebuyers, developers, and the overall real estate market [11]. - Stakeholders will need to adapt strategies in response to market changes, with ongoing monitoring of the situation being essential for ensuring a stable and healthy real estate environment [11].

Core Insights - Shenzhen has introduced new housing market policies that optimize and adjust personal housing credit policies, allowing banks to no longer differentiate between first and second home loans in their interest rate pricing mechanisms [1][2] Group 1: Policy Changes - The new policy allows banks to set commercial personal housing loan interest rates based on the Shenzhen market interest rate pricing self-discipline mechanism, without distinguishing between first and second homes [1] - Multiple banks, including China Construction Bank's Shenzhen branch, have announced that they will implement this policy immediately, adjusting interest rates accordingly [1][2] Group 2: Impact on Existing Loans - The new policy has triggered dynamic adjustment mechanisms for some existing mortgage clients, allowing them to apply for adjustments if their current loan rates exceed the average new loan rates by more than 30 basis points [2] - According to research, the new policy is expected to lower the new interest rates for second home loans by 40 basis points, which could reduce total repayment costs by nearly 80,000 yuan and monthly payments by approximately 220 yuan for a 1 million yuan loan over 30 years [2] Group 3: Market Response - Following the implementation of the new policy, the second-hand housing market in Shenzhen has shown a significant increase in activity, with a 45% rise in transaction volume within six days post-policy compared to the previous six days [3] - The Luohu district has experienced a remarkable 109% increase in transaction volume, attributed to its mature infrastructure, affordable prices, and the removal of core purchase restrictions, which has opened the market to previously ineligible buyers [3]

Core Viewpoint - Shenzhen has introduced new housing market policies that optimize and adjust personal housing credit policies, allowing banks to no longer differentiate between first and second home loans in their interest rate pricing mechanisms [1] Group 1: Policy Changes - The new policy allows banks to set commercial personal housing loan interest rates based on the Shenzhen market interest rate pricing self-discipline mechanism, without distinguishing between first and second homes [1] - Multiple banks, including China Construction Bank's Shenzhen branch, have announced that they will implement this policy immediately, adjusting interest rates accordingly [1] Group 2: Impact on Existing Loans - The new policy has triggered dynamic adjustment mechanisms for some existing mortgage clients, allowing those with interest rates exceeding the average new loan rates by 30 basis points to apply for adjustments [2] - According to research, the new interest rates for second home loans in Shenzhen have decreased by 40 basis points, potentially reducing total repayment costs by nearly 80,000 yuan and monthly payments by approximately 220 yuan for a 1 million yuan loan over 30 years [2] Group 3: Market Response - Following the implementation of the new policy, the second-hand housing market in Shenzhen has shown a significant increase in activity, with a 45% rise in transaction volume within six days post-policy compared to the previous six days [3] - The Luohu district has experienced a remarkable 109% increase in second-hand housing transactions, attributed to its mature infrastructure and competitive pricing compared to other districts [3]

Core Insights - Shenzhen has introduced new housing market policies that optimize and adjust personal housing credit policies, allowing banks to no longer differentiate between first and second home loans in terms of interest rate pricing [1][2] - The new policy is expected to reduce the interest burden on some second home loans, potentially stimulating market activity [1][2] Group 1: Policy Changes - The new policy allows banks to set commercial personal housing loan interest rates based on market conditions without distinguishing between first and second homes [1] - Several banks have announced that existing mortgage clients can apply for adjustments if their current loan rates exceed the average new loan rates by more than 30 basis points [2] Group 2: Market Impact - Following the implementation of the new policy, the second-hand housing market in Shenzhen has seen a significant increase in transaction volume, with a 45% rise in signed contracts within six days post-policy [3] - The Luo Hu district experienced a remarkable 109% increase in transaction volume, attributed to its mature infrastructure and competitive pricing compared to other districts [3]

Core Viewpoint - The recent policy changes in Shenzhen's housing market have led multiple banks to adjust their commercial personal housing loan interest rate pricing mechanisms, eliminating the distinction between first and second homes [1] Group 1: Policy Changes - On September 5, Shenzhen introduced new housing market policies, prompting banks to revise their loan interest rate mechanisms [1] - Major banks including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Shanghai Pudong Development Bank, and Shanghai Bank have issued announcements regarding these adjustments [1] Group 2: Loan Interest Rate Mechanism - The new policy stipulates that the specific interest rate for each customer's commercial personal housing loan will be determined based on the Shenzhen market interest rate pricing self-discipline mechanism, along with the bank's operational status and customer risk profile [1] - The distinction between first and second home loans has been removed, allowing for a more uniform approach to interest rates [1] Group 3: Impact on Existing Loans - The new policy has triggered a dynamic adjustment mechanism for some existing mortgage customers, allowing certain second-home loan borrowers to apply for adjustments effective immediately upon approval [1] - Successful applications can be checked the following day, indicating a streamlined process for borrowers affected by the new regulations [1]

Core Viewpoint - Shenzhen has implemented significant housing market policy changes, including the optimization of housing purchase restrictions for individuals and enterprises, as well as adjustments to personal housing loan policies, aiming to stimulate market activity and reverse the ongoing downturn in the real estate sector [1][7]. Summary by Sections Policy Changes - The new policy allows eligible residents, including local and certain non-local families, to purchase an unlimited number of residential properties in specific districts such as Luohu and Baoan, while non-local families without proof of tax or insurance contributions can buy up to two properties [3][4]. - The policy adjustments are expected to significantly impact the housing market, particularly in areas with high rental yields and quality school districts [4][8]. Market Reactions - Following the announcement, there was an immediate increase in inquiries and viewings from potential buyers, indicating a quick market response to the new regulations [2][3]. - Real estate agents reported a surge in client consultations and accelerated signing of contracts, particularly in previously restricted areas [4][5]. Price Trends and Expectations - The housing market in Shenzhen has seen a continuous decline in second-hand housing prices since May 2021, with some areas experiencing price drops of nearly 50% from peak levels [7]. - Experts predict that the relaxation of purchase restrictions could lead to a doubling of transaction volumes compared to the previous year, with significant demand expected from newly eligible buyers [8]. Loan Policy Adjustments - The new policy also includes a reduction in mortgage rates for second homes, which is projected to lower total repayment costs significantly, enhancing affordability for buyers [8]. - The anticipated increase in transaction volumes is expected to be particularly pronounced in non-core areas, with a potential 40% increase in transaction volume [8].