2024-04-30 28Hse Editor
The one-month Hong Kong dollar interest rate dropped to 0.07339% in 9 consecutive years, the lowest level in the past 11 years. Some banks adjusted their mortgage business strategies accordingly. Market news indicated that HSBC recently raised interest rates for small mortgages below 4 million yuan, raising interest rates by 3 points in disguise. . The industry believes that since the 4 million yuan downstairs "fine-size" flats occupy a relatively small market share, they are expected to have little impact on the market. Coupled with the low Hong Kong dollar interest rate, the interest rate hike this time is small and it is expected to offset the relevant Impact, but other small and medium-sized banks have the opportunity to follow in the future.
reporter Ma Cuimei
According to market news, HSBC recently raised the mortgage interest rate of 3 million yuan to 4 million yuan, from H plus 1.32% to H plus 1.35%, and the real interest rate rose from 1.39% to 1.42%, a disguised interest rate hike of 3 points. With a loan of 1 million yuan and a repayment period of 30 years, the original monthly payment is 3,400 yuan, and after the interest rate hike, the monthly payment is 3,414 yuan, which means that the monthly payment is 14 yuan more. If the property is 4 million yuan, 90% is borrowed, that is 3.6 million yuan, and the repayment period is 30 years. After the interest rate hike, the monthly payment will only be 52 yuan. I believe the impact will be relatively minor.
Shi Yingyin: There is little room for interest rate adjustment
After attending the regular meeting yesterday, Shi Yingyin, the chairman of the Association of Banks, said that she would not comment on the commercial decisions of individual banks. However, she emphasized that banks mainly consider operating costs, risk assessment and the overall environment in determining their fees. She believes that the interest rate environment will remain at the current low level, even for individual banks. Banks have made adjustments in response to commercial decisions, and they do not see much room for adjustment. An HSBC spokesperson said that the bank regularly reviews mortgage interest rates, cash rebates and other offers, and makes adjustments based on market conditions. It will continue to introduce different mortgage products and offers to meet customer needs.
Monetary Authority: closely monitor market risks
Regarding the market’s concern about property market risks, Ruan Guoheng, vice president of the Monetary Authority, said yesterday that he would not comment on the property market trend, but noticed that the property market has increased in transaction volume, and the market sentiment seems to be good. For some real estate developers to provide high-value mortgages, he pointed out that if banks face These real estate developers provide financing. The HKMA has already provided clear standards for banks. The data collected by the bureau by banks on a regular basis has not seen any developers surpass the relevant boundaries. He emphasized that in the future, the risk development of the market will be closely monitored, and appropriate measures will be taken. Time to take appropriate measures.
The drop in interest rates is expected to offset the small real impact
Wang Meifeng, the managing director of Centaline Mortgage, said that even if banks fine-tune their mortgage interest rates, they will offset each other under the downward trend of interest rates, and will not have a substantial impact on the property market and the market. She also pointed out that under the booming property market this year, the amount of mortgage loans in the market has increased significantly. In the first five months, new residential mortgage loans have increased by 35% year-on-year. This has led to banks' business strategies to conditionally adjust mortgage interest rates and concessions. It is provided to different customer groups or loan cases in a tiered manner. In fact, banks usually adjust or determine the interest rate according to individual circumstances. She also expects that in the third quarter, the property market will remain positive by stabilizing bank buildings.
Cao Deming, chief vice president of Jingluo Mortgage Referral, estimates that the current margin of bank mortgages is meager, and banks may slightly adjust interest rates for individual customer groups to increase profitability. Coupled with the booming mortgage market in the first half of the year, it is estimated that banks will approve them throughout the year. The target of the mortgage loan amount may be close to the "finished", and the approval may be made more cautiously in the second half of the year. It may not be necessary to be too aggressive to attack the mortgage market.
The effective interest rate may remain at 1.5% during the year
Cao Deming also quoted internal data from the company's research department as saying that in the first half of this year, customers who undertook loans of 3 million to 4 million yuan accounted for only 8.8% of the total, while customers who undertook loans of 4 million or less accounted for only 13.2% of the total. , So the impact of this adjustment on customers is expected to be minimal. He believes that the market rumours that the mortgage interest rate will be adjusted to a difference of only 3 points, which is expected to have a slight impact on the actual payment of customers. He also expects that the mortgage interest rate will not have much room for upward adjustment during the year, and the one-month interest rate is expected to rise and fall below 0.1%. It is estimated that the actual mortgage interest rate will remain at the level of around 1.5%.
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