Multi-city first mortgage 70 percent interest rate or end further curb speculation

Economic comics: After the Bank of China, after a number of banks on mortgage interest rate of 70 percent to raise the threshold of the new society hair Comics Chinese Xinhua Beijing, February 23 (Lin) Before the Spring Festival, the national banks issued a cancellation of the first set of mortgage 70 percent interest rate concessions, and after the holiday credit tension has not been released Banks have tightened their first mortgage concessions, and several cities have rarely had 70 percent interest rates on their first mortgage.　　And the 70 percent interest rate will end, let people ask questions, from operating pressure or curb speculation?　　Many cities rarely have the first set of mortgage 70 percent interest rate with the first Bank of China to cancel the first suite loans 70 percent interest rate concessions, many banks have begun to clear "risk rate pricing", the first suite 70 percent interest rates in Guangzhou has been difficult to find traces. Industry insiders pointed out that the reduction of the first set of mortgage interest rate concessions, it is likely to affect some of the rigid demand for home buyers living demand. If the loan is 1 million yuan, repayment period 20 years, according to 5 years above the loan interest rate 5.94%, 70 percent after the interest rate is 4.158%, the monthly supply is 6143.38 yuan. If the benchmark rate is used, the monthly contribution is 7129.74 yuan.　　Compared with the 70 percent interest rate, the borrower will be more than 986 yuan per month, the cumulative total repayment interest of 20 more than 236,000 yuan, "live one clan" pressure increased abruptly. Banks in Shenzhen continue to tighten their mortgages, with 70 percent interest rates rare, with most banks generally implementing a 85 percent interest rate and a 30% down payment.　　Some loan officers think that this year will not be loose, but some loan officers said that the current tightening of bank lending policy is only temporary, may be improved. In Hangzhou, in response to the current banking sector to abolish the 70 percent mortgage rates, the Bank of Hangzhou branch of the Wealth Management Center, said the director Yu, banks to assess the profit assessment and business volume assessment, the general banks are to assess the profits, such as the bank on the first mortgage to take 70 percent interest rate concessions, banks have no profit　　Thinking about spending so much energy, being so nervous, and pandering to the government's tightening policy, the 70 percent mortgage rate concession was abolished. In Xiamen, some of the bank is still handling 70 percent of mortgages before the banks did not shut down the preferential door, as long as the supervision department and the head office on the first set of mortgage conditions, or can get 70 percent interest rate concessions.　　Xiamen, head of a bank loan department, also stressed that the first set of loans to the target income status and other requirements than in the past to improve.　　A few days after the mortgage business was defected to further curb speculation? Why was it that the mortgage business, once claimed by commercial banks as good credit assets, was defected in the days of the day? "Good only means that mortgage assets can produce a relatively long-term stability of the income of the bank, while the bad debt rate is small, but this does not explain how much it contributes to the bank's profit rate."　　"China Merchants Bank's head of Credit Center said that, for a long time, the biggest contribution to the bank is still Shing, corporate credit business, and mortgage loans in addition to a small share of the reasons, too much interest rate concessions, but also greatly reduce its profitability." "When there's a lot of credit, everything's fine.Lend to the company, many can also give retail; but once the credit lines are tight, banks will have to think about where to put their money.　　The above credit person further disclosed. For the majority of buyers, they are more concerned about is the mortgage "money" tightening, the property market where to go? Shanghai Yi Ju General Research Minister Yang Hongxu that the State Council executive meeting made clear that "curb house prices too fast rise", the abolition of preferential tax policies and "Country 4", "Country 11" of the introduction, have led to home buyers to the price callback expectations.　　The contraction of credit will undoubtedly release the signal to squeeze the housing bubble, causing buyers to wait and see, the increase in the cost of mortgage interest rates will further curb investment, speculative demand, resulting in the property market fall back. But industry insiders also said that the recent property market credit crunch may be a special period of special circumstances, the whole year of credit control or will present a Bosson situation. Banks will continue to offer low-interest discounts to premium customers for differentiated competition.