Since the rate cut is living with the support of people buying houses

September 15th, 2008 the central bank announced: from September 16, 2008, down one-year RMB loans benchmark interest rate 0.27 percentage points, other grades of loans for short-term benchmark interest rate in accordance with the multi-emphasise that the principle of long-term low-adjusted accordingly; Deposit benchmark interest rates unchanged. The interest rate adjustment is the first time in 04 to the central bank lowered interest rates.

In this respect, I love my home, real estate brokerage firm that:

1, a rate cut is self-occupied house purchase of the support, help to eliminate the excessive market after the Olympic wait-and-see mood.

January to July this year, Beijing used the trading volume was 42,400 units, down 8.2 percent, which is used in Beijing since 1999 the open market since the first time in the history of negative growth. The current second-hand housing market, buyers, more than 95 percent for self-occupation of buyers, among them nearly 70 percent of the people who need support for house purchase loans. Therefore, the rate cut is self-occupied the purchase of a major support. At the same time, help to eliminate the cuts from the end of last year wait-and-see mood in the market. After the Olympics, the demand for second-hand housing market and the trading volume has increased while, but “Chibi wait-and-see” sentiment remains strong, worried that further interest rate increase caused by rise in the cost of purchase is the number of people buying houses psychological. The cuts show that personal home loans in the future will tend to be relaxed environment is conducive to restore market confidence, help to release previously been restrained over the reasonable demand for housing purchases.

2, a rate cut in the promotion of the resumption of trading in the market at the same time, housing prices would not lead to rebound.

I love my family that: Although the rate cut will help restore market confidence and trading volume, but will not lead to price rebound. From the Spring Festival this year, second-hand housing market there have been more than customers of the availability situation, the poor sales Yi Shoufang also intensified. Into the 6,7,8 month, the second-hand housing prices in the three months consecutive monthly decline slightly in the ring, and Yi Shoufang also began a large-scale discount sales. Therefore, only this time the lending rate of a small downturn, will not reverse the current “buyer’s market” the basic pattern, so house prices will not rebound, and Beijing before the end of the second-hand housing prices should be steady trend in shock.

3, restore market confidence from the perspective of the individual home loans policies have room for adjustment.

I love my family that: to maintain “927 New Deal” basic principles remain unchanged under the prerequisite of restoring market confidence from the perspective of the individual home loans policies have room for adjustment. For example, the mortgage loans in the loan has been repaid or premises have been sold, and then apply for a loan purchase should enjoy the first set of preferential interest rates and low down payment ratio. For instance, in ensuring the flow and use of loans under the precondition of the resumption of second-hand housing transactions to the type of mortgage, and so on. These adjustments are conducive to the rebound in trading volume, to meet the normal demand for self-occupation of the purchase and improvement of the escalation of home buyers, but also conducive to the availability of market supply and house purchase to the people more choices.