Bank of China suspends three mortgage-loan rates follow suit

Bank of China suspends three sets of mortgage rates followed by the rise, the cancellation of 70 percent discount 23rd, the bank on its website announced the real estate credit management measures, strict restrictions on the various names of speculation and speculative housing, in principle, suspended the issuance of third sets of housing loans.　　In addition, the interest rate on the stock mortgage will be increased proportionally. The announcement shows that for the first purchase of 90 square meters of housing and guaranteed housing households, the introduction of a benchmark rate of 85 percent discount.　　For families who buy the first set of houses with a set building area of 90 square meters, the loan down payment is not less than 30%; for families that have used loans to buy homes and apply for loans to buy a second home, the down payment is not less than 50%, and the interest rate is no less than 1.1 times times the benchmark And this announcement also involves the stock room, "according to the agreement with the customer contract, in the interest rate adjustment method expires when the stock first set, two sets, three sets and above mortgage interest rate floating ratio adjusts to the benchmark interest rate respectively 0.85 times times, 1.1 times times and 1.2 times times." "Generally speaking, banks and buyers of the loan contract will be agreed, if the central bank to raise rates or cut interest rates, the third January 1, 2 interest rate will change." However, as a result of the central bank's interest rate hike or rate cut time is uncertain, therefore, buyers will be in the signing of purchase contracts, the choice of different interest rate adjustment time, by month, quarterly, adjusted by year. If the monthly adjustment, then this part of the buyers will soon follow the new rules. In other words, the 70 percent discount on the first and second suites purchased last year will soon be raised to 85 percent and 1.1 times times.　　Industry insiders believe that the rise in the old mortgage is a sign of further tightening of the mortgage, I am afraid will cause other banks to follow up. It is also understood that the Nanjing Bank requires three suites down not less than 60%, the interest rate is more than 1.1 times times. Bank of Jiangsu has officially discontinued three suites. (Zhao Weili)