The first set of mortgage rates to relax is essentially a correction

At the beginning of the year, Shanghai will release a related to real estate market information: in the execution credit policy menas, Shanghai will implement the related departments of citizens to buy the first suite loan interest rate and head to scale. It is reported, current Shanghai some Chinese commercial Banks of the first set of mortgage rates have basic return benchmark interest rate and part of foreign commercial bank even launched a preferential interest rate, and can be based on the benchmark interest rate in some discount.

In the last two years of the real estate market is beginning to control effects, house prices turn in context, in the Shanghai mortgage rates change seems to be more sensitive. The most recent period, as the market volume reduced sharply, the relevant control policies will appear change voice appeared on the market in Shanghai, the change in appear to justify the guess.

In fact, the news of the Shanghai appear, did not have a market signals significance, because in Shanghai before, a lot of places from since the second half of last year is already started to loosen the first set of mortgage interest rates. But, it is during this time, the great cities of the large began to turn in house prices, thus it can be seen, the first set of mortgage rates of relaxation, cannot be regarded as the market regulation policy changes, it is only the details of the local regulation policy adjustment, and this adjustment is essentially a correction, its purpose is to better achieve the goal of regulation.

The real estate market regulation goal is??????? While there are a lot of people are its understanding to promote falling house prices, but strictly speaking this is not the most fundamental goal, because falling house prices push the purpose is to let the existence of a large number of low-income people, including with the appearance of a large number of urbanization wave from the interior of the big city into different job seekers can afford a house. But even if the goal realization, for this part of the crowd, because its personal wealth accumulation is limited, ask its took the big money to buy commercial houses are still very difficult, so they in the commercial bank mortgage universal existence big dependent. However, commercial Banks to increase the first set of mortgage rates later, in fact this part should be encouraged to improve the stiffness of the purchase of the threshold demand, so it's a must correct behavior.

In the real estate market regulation in past, tightening mortgage rates once was as one of the important control policy options to implement. In the investment real estate market speculation swept the strength, commercial Banks involved in depth, a huge amount of credit funds are the ChaoFang used to "lend chicken unripe egg", the bank also therefore and saw the rich real estate market dividends. But, in the central government launched frequent control policy, only for use of interest rate lever to curb the first suite outside of the many suite buyers for commercial Banks to stop to provide mortgage, never asked for commercial Banks to tighten the first set of mortgage interest rates. Commercial Banks to borrow in the name of the regulation and use the on lending rates of the right to get independent, improve the first set of mortgage rates, essentially just commercial Banks to pursue the economic interest and ignore the social responsibility of a kind of behavior, and its essence is damaged the interests of the buyers first suite, is fundamentally not a accord with the direction of the control policy.

In the commodity house after the full implementation of the policy, investment speculative power has been removed from the market besides, policy outside of the mortgage demand also basic disappearance, therefore, the current mortgage demanders, basically within the first suite or the policy of two suites living type, improve demanders type, this part of the market demand is called "rigid demand" and they are not control policy of containment object, instead is to achieve the control policies to protect object. But, compared to the conventional wisdom excelled at in the market investment speculative strength and rigidity of the financial needs after all is limited, so their mortgage risk factor over investment instead of speculative purchase, commercial Banks in the first set up mortgage rates of behavior, also can be regarded as the interests of the protection, but compared to previous speculative investment trend strength to meet, it also reflects the our country commercial bank widespread "XianPinAiFu" business thinking, this in other Banks with the expansion of business in the principle of pursuing are the same.

At present, China's real estate market trends into very delicate stage, due to falling house prices began to form a trend, even if is rigid generally also began to look attempt, in the hope that a lower price into, so even if house prices fell, but the market is also hard to clinch a deal in recently appeared to rise. Can believe that with the further regulation, the day of the developers will be more difficult. Obviously, control policies with the market appear to have the appropriate adjustment, as long as this adjustment is not push prices rebounded, but to make rigid demanders meet the pent-up demand, they should all be certain.