To some extent, when the mortgage interest rate is gradually lowered, more and more people will be willing to buy a house, which can also help us boost the real estate market everywhere. Especially when the mortgage interest rate has dropped from 5.5% to 4. 1%, this basically means that buying a house of one million will save 300,000 mortgage interest. This is a very exaggerated concept. For ordinary families, applying for a personal housing loan to buy a house seems to be a very cost-effective choice, but the mortgage interest that buyers need to pay for it is also very high, so it is almost universally expected to reduce the mortgage interest rate.
The mortgage interest rate will continue to decline in the future.
You can try to understand this: when our real estate market develops to a certain extent, we will encourage everyone to buy a house by lowering the mortgage interest rate. This measure may progress slowly, but for the deteriorating real estate market, the mortgage interest rate will definitely continue to decline. This way can not only lower the threshold for everyone to buy a house, but also greatly reduce the cost of buying a house.
Our mortgage interest rate will be close to that of developed countries.
If we look at the developed countries, we will find that the mortgage interest rates in almost all developed countries are less than 3%, and the mortgage interest rates in Hong Kong and Japan are generally between 0.5% and 20%. To some extent, because our social development has reached a certain level, the high mortgage interest rate is not conducive to the normal development of the whole real estate industry, and our mortgage interest rate will only be lower and lower in the future.
Personally, I think it is best for the majority of buyers not to worry about buying a house. We need to wait patiently for the mortgage interest rate to continue to be lowered, which can greatly reduce the cost of buying a house.