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After the Fed cuts interest rates, multiple real estate stocks have strengthened. Will mortgage rates be further lowered?
①Affected by the bullish factors of the Fed's interest rate cut, today including Vanke, Evergrande, Sunac, Shimao Group, Jianfa International and other real estate stocks showed strength; ② "The Fed's interest rate cut this time is expected to accelerate the adjustments of the reduction of reserve requirement ratio and interest rates in China in the future, which will help further reduce the cost of corporate financing. For the real estate market, the LPR of over 5 years is expected to be further lowered, and the cost of residents' house purchase may also decrease accordingly."
Daily Real Estate Industry News Summary (2024-09-19)
Experts: There is still room for further adjustments in various regions to reduce mortgage rates, lower transaction taxes and fees.
Express News | Report: The quote for September LPR is about to be released, and there is a possibility of changes in the interest rate tomorrow.
In Lyon's "Great Banking", financial experts expect that the mainland may soon cut interest rates. If the policy effectively eases the net interest margin losses, there is a preference for China Construction Bank (00939.HK) and Ping An Bank (03968.HK).
Lyon's report states that the banking industry in China has not yet seen the light at the end of the tunnel. Last week, the bank met with banking and financial industry experts in four cities in mainland China and indicated that there was no significant improvement in related businesses, loan demand remained weak, the quality of retail assets may deteriorate further, and there were no signs of a peak. However, the maturity of time deposits and lower interest rates will bring encouraging performance to net interest margin, but there is still the risk of potential lowering of mortgage loan rates that has not been realized. Bankers have not found any significant catalysts that can change the situation of "economic weakness, weak demand", and it is estimated that next year may be another year of soft loan growth for the bank.
Hong Kong stock concept tracking | The Federal Reserve cut interest rates by 50 basis points, exceeding expectations. Slight improvement in domestic real estate data (with concept stocks).
Citic Securities: The 50bps rate cut by the Fed this time is a preemptive rate cut with a forceful early move.
August Housing Starts, Permits Rise More Than Expected
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