Media says some banks have transferred their first suite rate back to 70 percent

In order to attract customers, the successful completion of the first designated home loan growth target "Caixin net" (Comprehensive media report) under the pressure of shrinking real estate turnover, some banks have recently returned the lowest discount rate discounts to 70 percent to attract customers to successfully complete the target for the mortgage growth specified at the beginning of the year. "The Securities Times" September 9 quoted industry insiders said that the current option to reduce the price of the bank is only a few, but if the real estate market volume continues to slump, the future of these sporadic price reduction will likely become a common phenomenon.　　At the same time, the report said, some banks choose this node price is also for the real estate market, "Golden nine silver Ten" sales season to prepare for the arrival. However, at present, most banks said that "the demand for home purchase, the overall impact on the growth of the mortgage is not", so there is no interest in the first suite loan rate on the intention to reduce prices.　　The report cites industry insiders as expected that early next year will be the first suite 80 percent-85 percent discount on the overall loosening of interest rates at a point in time. In addition, according to Caixin network reporters understand that the Chongqing housing policy tightened again, the bank has canceled the first suite 70 percent interest rate, the full implementation of 85 percent interest rates.　　Other previous media reports, Beijing's banks have also begun to implement the first suite rate 85 percent policy, some of the first set of home loans from the original maximum of 80% into 60%. (Caixin reporter Ma Yuan)