Core Points - The People's Bank of China announced that the Loan Prime Rate (LPR) for one year is set at 3.0% and for five years or more at 3.5%, remaining unchanged for four consecutive months [1] - In Shenzhen, the new policy effective from September 5 states that there will be no distinction between first and second home loan interest rates, both set at 3.05% [3][4] - Several banks in Shenzhen have begun to optimize and adjust the pricing mechanism for commercial personal housing loans following the new policy [5] Group 1 - The LPR remains stable, indicating a consistent monetary policy environment [1] - Shenzhen's new policy simplifies the mortgage landscape by unifying interest rates for first and second homes [3][4] - Banks are actively responding to the new policy by adjusting their loan pricing mechanisms [5] Group 2 - Existing borrowers of second home loans may now apply for interest rate adjustments if their original loan rates exceed the national average by 30 basis points [8] - The adjustment process for existing loans is facilitated through online channels, allowing borrowers to check eligibility and submit applications without fees [6][7] - The criteria for rate reduction are based on the comparison of original loan rates to the current national average, creating a clear threshold for borrowers [8]

近日，深圳出台楼市新政，当中提及优化调整个人住房信贷政策，各银行业金融机构根据深圳市市场利 率定价自律机制要求和本机构经营状况、客户风险状况等因素，在利率定价机制安排方面不再区分首套 住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水平。 广东省住房政策研究中心首席研究员李宇嘉表示，根据此次政策，深圳的二套房贷新发利率较之前降低 40个基点。据此简单计算，按照100万贷款本金、30年期等额本息的方式计算，房贷总还款成本将减少 近8万元、月供额将减少约220元。影响不算大，但对于增量的贷款金额较大的改善型客户，月供负担下 降的效果还是比较明显，会加速其入市的节奏。 不过，他还表示，现在的置换客户往往需要"卖旧买新"来实现 ，但客户手上的二手房卖不掉或只能以 很低的价格卖掉，导致置换的周期拉长，卖旧后还需要筹集一大笔资金付首付，月供负担也不小。因 此，稳定二手房价格、加速循环才是当前稳楼市和推动改善型需求释放的关键。 9月12日，记者查询到包括建设银行深圳分行在内的多家机构相继发布公告称，即日起依据最新政策， 将不再区分首套住房和二套住房。商业性个人住房贷款的具体利率水平，将根据深圳市市场利率定价自 律机 ...

广东省住房政策研究中心首席研究员李宇嘉表示，根据此次政策，深圳的二套房贷新发利率较之前降低 40个基点。据此简单计算，按照100万贷款本金、30年期等额本息的方式计算，房贷总还款成本将减少 近8万元、月供额将减少约220元。影响不算大，但对于增量的贷款金额较大的改善型客户，月供负担下 降的效果还是比较明显，会加速其入市的节奏。 不过，他还表示，现在的置换客户往往需要"卖旧买新"来实现 ，但客户手上的二手房卖不掉或只能以 很低的价格卖掉，导致置换的周期拉长，卖旧后还需要筹集一大笔资金付首付，月供负担也不小。因 此，稳定二手房价格、加速循环才是当前稳楼市和推动改善型需求释放的关键。 近日，深圳出台楼市新政，当中提及优化调整个人住房信贷政策，各银行业金融机构根据深圳市市场利 率定价自律机制要求和本机构经营状况、客户风险状况等因素，在利率定价机制安排方面不再区分首套 住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水平。 9月12日，记者查询到包括建设银行深圳分行在内的多家机构相继发布公告称，即日起依据最新政策， 将不再区分首套住房和二套住房。商业性个人住房贷款的具体利率水平，将根据深圳市市场利率定价自 律机 ...

近日，深圳出台楼市新政，当中提及优化调整个人住房信贷政策，各银行业金融机构根据深圳市市场 利率定价自律机制要求和本机构经营状况、客户风险状况等因素，在利率定价机制安排方面不再区分 首套住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水平。 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 9月12日，记者查询到包括建设银行深圳分行在内的多家机构相继发布公告称，即日起依据最新政策，将不 再区分首套住房和二套住房。商业性个人住房贷款的具体利率水平，将根据深圳市市场利率定价自律机制要 求，并结合银行经营状况、客户风险状况等因素合理确定。 从多家银行发布的《关于优化调整商业性个人住房贷款利率定价机制的公告》来看，银行在利率定价机制安 排方面，将不再区分首套住房和二套住房。也就是说，部分符合条件的二套房房贷可迎来调整，相应减轻房 贷的利息负担。 多家银行表示，受新政影响，目前部分存量房贷客户的房贷动态化调整机制已触发。调整的规则大致相同， 均为存量房贷利率加点值比 ...

Core Viewpoint - Shenzhen's new real estate policy, effective from September 6, eliminates the interest rate differentiation between first and second homes, impacting mortgage rates significantly for borrowers [3][5][6]. Group 1: Policy Changes - As of September 12, multiple banks in Shenzhen announced that they will no longer distinguish between first and second homes in their mortgage interest rate calculations [2][3]. - The new policy allows for a reduction of 40 basis points in the interest rate for second home loans compared to previous rates [6]. Group 2: Financial Impact - For a loan of 1 million yuan over 30 years, the total repayment cost will decrease by approximately 80,000 yuan, with monthly payments reduced by about 220 yuan [6]. - The adjustment in rates is expected to ease the financial burden for customers looking to upgrade their homes, particularly those facing challenges in selling their existing properties [6]. Group 3: Existing Loan Adjustments - Some existing second home loans have triggered the normalization adjustment mechanism for mortgage rates, allowing borrowers to apply for rate adjustments if their current rates exceed a specified threshold [8][9]. - The adjustment criteria are based on the deviation of existing loan rates from the average rates of newly issued loans, with a threshold set at 30 basis points [9]. Group 4: Market Context - The banking sector is experiencing a significant decline in residential mortgage demand, prompting banks to lower rates to attract and retain customers [9]. - The reduction in deposit rates and the overall economic environment provide banks with the incentive to adjust mortgage rates favorably for borrowers [9].

Core Viewpoint - The recent policy changes in Shenzhen's real estate market have eliminated the interest rate differentiation between first and second homes, leading to a reduction in mortgage costs for second homes, which is expected to stimulate market activity and improve housing demand [2][4][7]. Group 1: Policy Changes - As of September 6, 2023, banks in Shenzhen will no longer differentiate between first and second homes in their mortgage interest rate pricing [2][4]. - The new policy results in a reduction of 40 basis points in the interest rate for second home loans compared to previous rates [4][6]. - For a loan of 1 million yuan over 30 years, the total repayment cost will decrease by nearly 80,000 yuan, with monthly payments reduced by approximately 220 yuan [4][6]. Group 2: Impact on Borrowers - Borrowers with existing second home loans can apply for adjustments to their mortgage rates if their current rates exceed the average new loan rates by more than 30 basis points [6][8]. - The adjustment mechanism is designed to allow borrowers to renegotiate their loan terms based on market conditions and individual credit situations [6][8]. - The policy aims to alleviate the financial burden on homeowners looking to upgrade, particularly those facing challenges in selling their existing properties [4][8]. Group 3: Market Dynamics - The reduction in mortgage rates is seen as a strategy for banks to attract and retain customers amid declining housing demand and increased competition [8]. - The overall decline in household deposits and mortgage activity indicates a pressing need for banks to adjust their lending strategies to maintain profitability [8][9]. - The policy changes are expected to enhance liquidity in the real estate market, particularly for second-hand homes, by stabilizing prices and facilitating transactions [4][8].

Core Viewpoint - Shenzhen's new housing policy eliminates the interest rate differentiation between first and second homes, impacting nearly 20 banks in the region [1][2][4]. Group 1: Policy Changes - As of September 6, banks will no longer distinguish between first and second homes in their interest rate pricing [2][4]. - The new policy allows for adjustments in existing second home loans, triggering a normalization mechanism for interest rates [6][7]. Group 2: Financial Impact - The new policy reduces the interest rate for second home loans by 40 basis points, resulting in a decrease of approximately 80,000 yuan in total repayment costs for a 1 million yuan loan over 30 years [3][5]. - Monthly payments will decrease by about 220 yuan, which is significant for customers with larger loan amounts [5]. Group 3: Market Dynamics - The adjustment aims to stimulate the housing market by easing the financial burden on customers looking to upgrade their homes [5][9]. - Banks are motivated to lower rates to attract and retain customers amid a decline in housing demand and a significant drop in residential deposits [9].

Core Viewpoint - Several banks in Shenzhen have announced adjustments to the pricing mechanism for commercial personal housing loans, eliminating the distinction between first and second homes, which is expected to lower interest rates for many borrowers [1][2]. Group 1: Policy Changes - Starting from September 12, 12 banks, including major state-owned banks, have implemented a new pricing mechanism for commercial personal housing loans, no longer differentiating between first and second homes [1]. - The new policy sets the interest rate for both first and second homes at 3.05%, a reduction of 40 basis points for second home loans compared to previous rates [2]. Group 2: Impact on Borrowers - For a loan of 1 million yuan over 30 years, the total repayment cost will decrease by nearly 80,000 yuan, and the monthly payment will drop by 220 yuan due to the new interest rate [3]. - Existing borrowers classified as second home loan customers can now apply for interest rate adjustments under the new policy [3][4]. Group 3: Market Dynamics - The adjustment allows borrowers whose existing floating rate exceeds the average new loan rate plus 30 basis points to apply for a rate reduction [5]. - The average new loan rate for the second quarter of 2025 is reported at 3.09%, indicating that borrowers with rates higher than -14 basis points are eligible for adjustments [5]. Group 4: Broader Market Implications - The unification of interest rates for first and second homes aligns with the current market conditions and aims to stabilize the real estate market, which has shifted from overheating to a more balanced state [6]. - Experts suggest that while the policy sends positive signals, its actual impact on the new home market driven by improvement demand may be limited and should be evaluated alongside other market conditions [7].

Core Viewpoint - Several banks in Shenzhen have announced adjustments to the pricing mechanism for commercial personal housing loans, eliminating the distinction between first and second homes, following new policies introduced on September 5 [1][5]. Group 1: Policy Changes - Starting from September 12, banks will determine the final interest rates for customers based on the Shenzhen market interest rate pricing self-discipline mechanism, considering the bank's operating conditions and customer risk profiles [2]. - The new policy will unify the interest rates for first and second homes at 3.05%, a reduction of 40 basis points for second home loans, which previously had different pricing formulas [5][6]. Group 2: Impact on Existing Loans - Existing borrowers classified as second home loan customers can now apply for interest rate adjustments due to the new policy, which has triggered the dynamic adjustment mechanism for some existing loans [3][8]. - The adjustment rules allow borrowers to apply for a rate reduction if their existing loan rates exceed the average new loan rates plus 30 basis points [8][9]. Group 3: Market Implications - The policy aims to promote the marketization of interest rates and align them, responding to the changing dynamics of the real estate market [10]. - Experts suggest that while the policy sends positive signals, its impact on the new home market driven by improvement demand may be limited, with other factors such as buyer payment capacity and product competitiveness being more critical [11][12].

Core 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].