First-time home loan interest rates in cities such as Hangzhou, Nanjing, and Suzhou have returned to the "3" level. The interest rate for provident fund loans may be even further reduced due to inversion.

Hangzhou, Nanjing, Suzhou and other places have successively adjusted mortgage interest rates. Industry insiders believe that in the current stabilization trend of the real estate market, cities raising the lower limit of mortgage interest rates have a certain significance as an indicator.

cls.cnNov 8 11:12

Daily real estate industry updates summary (2024-11-07)

A bank of china employee in the Guangzhou area told reporters that the branch has received a notice stating "the new mortgage interest rate shall not be lower than 3%". Starting from November 7th, the new mortgage interest rate in the Guangzhou area will be implemented at 3%.

Golden10 DataNov 7 15:45

Daily real estate industry dynamics summary (2024-11-06)

Recently, the China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development jointly held a training session on expanding the scope and improving the effectiveness of policies for the "white list" projects in the urban real estate financing coordination mechanism.

Golden10 DataNov 6 15:49

Daily real estate industry updates summary (2024-11-05)

Recently, local mortgage rates have decreased significantly following the LPR decrease, with the phenomenon of 'breaking the 3s and entering the 2s' becoming common. It is worth noting that in many cities, the commercial loan interest rates have exceeded the lower limit of housing provident fund interest rates, resulting in an inverted rate situation. 'Low cost, low interest rates were originally the core advantages of the provident fund. When they are on par with commercial loans, the competitive advantage is greatly weakened.' Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, predicts that the provident fund interest rates will continue to be lowered in the future.

Golden10 DataNov 5 15:59

Daily real estate industry news summary (2024-11-04)

According to the data from the China Index Research Institute, the sales of the top 100 real estate companies in October amounted to 496.386 billion yuan, a month-on-month increase of 67.45%.

Golden10 DataNov 4 15:49

Ke Rui: In October, the new housing supply hit a new low while transactions increased by 44% compared to the previous month. The bullish policies in first-tier cities significantly boosted trading volume.

In October, due to the continued fermentation of the bullish new policies in core first- and second-tier cities, overall transactions returned to the high levels of the year. In November, with the diminishing bullish effects of the new policies and the addition of seasonal factors, the market's growth momentum is expected to slow down slightly.

Zhitong FinanceNov 2 16:20