When it comes to the interest rate on the first suite, an interesting picture emerges in my mind: a crowd of mortgage applicants, like hungry wolves, rushing to the bank counter, staring at the interest rate table, hoping to buy their own house at supermarket prices. So what has happened to the interest rate of the People ' s Bank of China on loans? Let's unmask the suspense

First, we have to mention that the interest rate on the loan from the People ' s Bank of China is closely linked to the economic situation. In times of economic downturn, banks reduce the interest rate on loans in order to stimulate economic development, while in times of economic boom, in order to contain inflation, they increase the interest rate on loans moderately. As a result, we can see that the interest rate movement on the loan from the People ' s Bank of China is as volatile as the weather。

Secondly, we need to understand that the interest rate on first-class loans is influenced by a number of factors. The first is the impact of the market supply-demand nexus. When the real estate market is better supplied and demand is lower, banks can drive the real estate market to attract home buyers to lower interest rates on loans, while when the market is smaller and demand is higher, the bank increases the interest rate on loans to control the housing market boom. The second is the relationship between the mortgage rate and the statutory loan rate. In our country, the legal rate of interest on loans is set by the People ' s Bank of China, which means that banks also take into account changes in the legal rate of loans when setting the rate on loans for first-class housing。

The trend in interest rates on first-class housing loans has also been very interesting over the past few years. In 2017, the real estate market was hotter and banks launched low-interest promotions, which kept interest rates on first-class loans low. Some mortgage applicants have even claimed that they would be willing to send a basket of flowers and firecrackers to the bank as long as they were able to apply for a first-class loan. However, with the introduction of a real estate market regulation policy, interest rates on first-class housing loans have increased to some extent. This makes some home buyers feel like they're jumping in dolphin performances, jumping up and crying out。

As a home buyer, how should we cope with the change in the interest rate on first-class loans? First, we want to understand that the interest rate on loans is not just a high or low rate, but also an option for the type of interest rate. At present, our loan rates are mainly fixed and floating. The fixed interest rate is the same as the loan rate during the borrowing period, while the floating rate is adjusted accordingly as the base rate changes. The purchaser may choose the appropriate interest rate type on the basis of his or her financial position and a forecast of market trends. Second, buyers can also seek lower loan rates by communicating with banks on several occasions. After all, banks also need to do business, as long as you have a good credit record and solvency, confident that the bank will make some concessions to you。

In short, the interest rate movement at the People’s Bank of China is an important and interesting topic for home buyers. We may wish to confront this topic with a sense of humor, to keep an eye on market dynamics and to respond accordingly, in the belief that, in the process, we can also experience the uncertainty and change of life. On the way to the house, may we all meet the challenge of loan rates with joy and optimism