The People’s Bank of China announced
since March 18, 2007, the year and above the deposit and lending rates of 0.27 percentage points, respectively. Among them, the one-year benchmark deposit rate from 2.52% to 2.79%; one-year benchmark lending rate from 6.12% to 6.39%. The five-year benchmark lending rate from the current 6.84% to 7.11 %. This time the rate adjustment, on all aspects of the lives of the people will bring what impact? How should we respond?
The burden of rising mortgage
limited
For housing for many families, the rate hike, the biggest impact will be an increase in mortgage for the month. According to the general contract personal loans, raising interest rates, starting from March 18 to apply the new mortgage, the interest rate in accordance with the implementation of the new, and old mortgage from January 1, 2008 from raising interest rates. However, some banks and customers contract, raising interest rates next month from 1, both old and new implementation of the new mortgage interest rate.
Since most mortgages are more than 5 years age, so reporters who ask the bank to more than 5 years of lending an example to calculate the monthly payments change.
Rate hike, more than 5-year benchmark interest rate of 6.84%, individuals can enjoy the prime rate as “Eight half of the amount” of 5.814%, interest rates, the benchmark interest rate adjusted to 7.11%, preferential interest rates adjusted to 6.0435%.
Equal installments of principal and interest mortgage bank manager method (ie, a fixed monthly repayment amount) calculations: 20 million 20-year commercial loan to pay off, if you are the implementation of the benchmark interest rate, interest rates, respectively, before and after the repayment amount 1531 yuan and 1564 yuan, increasing 33 per month; if the implementation of preferential interest rate, before and after adjustment for the month were 1,411 yuan and 1,438 yuan, 27 yuan per month increase.
Fund loans with enough
As the central bank has not yet adjusted to the provident fund interest rate, so the use of housing provident fund loans for the family, the burden of being without increasing monthly. But the bank said, according to Aug. 18 last year, interest rates, “experience”, the central bank hiked interest rates in the next day, increase fund loan interest rates by 0.18 percentage points, it does not rule out the central bank recently raised fund loan interest rates possible.
More than five years now fund lending rate of 4.59%. As the central bank to raise interest rates further increase the spread between the 5-year loan interest rate now stands at more than 2.52 percentage points. Therefore, experts suggest, if there is a provident fund buyers, the purchase of the loan fund should be use to the full loan amount.
Buy a house for the use of commercial loans to customers, if the hands of the reserves of capital, the early repayment is a good choice, and the reaction rate increases several times before, almost every time interest rates will stimulate the early repayment of home buyers the impulse wave triggered early loan repayment.
Buyers, banks have suggested, the following two types of people do not blindly early repayment. The first category, the loan period is running low. When people apply for mortgages, select the most is equal repayment of principal and interest, loans, after more than a little interest before, so the closer it gets to the last few years, leaving less interest, are also mainly the principal amount, meaning early repayment small. The second type is a better investment channels are currently members of the public do not have to rush to repay, if one-sided pursuit of early repayment, you will sacrifice spending in other areas or even other investment opportunities missed.
Started from last April, the central bank to raise interest rates three times already. 5 years benchmark lending interest rate from 6.12% to 7.11% currently. In less than a year, the total mortgage interest rates have risen 0.99%. Financial experts believe that, due to interest rate expectations remain, together with Bank of solid loan-product innovation, the advantages of solid loan-products began to appear. So there is a strong interest rate expectations of home buyers, might consider choosing a fixed rate mortgage interest rate or combination of products to avoid future interest rate risk.
Short-term investors can consider
out
The central bank’s choice of a sudden rate hike on Saturday, for many investors and the Christian Democrats, the next week how the changes in the stock market, stocks and funds held by the hands of how to become their pressing concerns.
This, Hefei Xiangcai securities industry, said the rate hike in the short term will have some impact on the market, especially by raising interest rates affect more direct real estate, retail and other sections. However, this interest rate increase instead of the main stock market for excess liquidity and interest rates as early as in the market expected, therefore, the indirect negative and long-term trends will not affect the market, investors need not be panic.
Many industry insiders believe that the interest rate has little effect on the stock market overall. But the short term will bring bad effect to the A shares, A shares have been consolidating for a long time, is in the direction of up and down a breakthrough, raising interest rates to increase the possibility of breaking down.
Industry is expected early next week, the market may be a certain oscillation. So the above have suggested that investors may wish to avoid short-out pressure, medium and long term can still continue. “If the broader market plummeted in there next week, after which may usher in another wave of the rally, so grasp the timing of the stock market plummeted after a sensible move.”
Deposits not blindly dump the central bank to raise interest rates, in addition to demand deposits, interest rates, the rest of the grades of the deposit interest rates were raised. Bank staff calculations: interest rate, the 1 million three-year time deposit interest will be more than 64.8 yuan; 1 million five-year time deposit interest rates can have more than 108 yuan. So many “smart” would think of depositors to bank deposits dump operations.
But experts remind the majority of depositors, deposits once the dump, deposited from the previous day to the dump at the time the interest will be calculated in accordance with current interest rates, dump on a regular basis after the interest rate according to the new. If the dump is greater than loss of interest resulting from the benefits of the new interest rate, or flat, there is no need to bank customers, “toss” their deposits. Bank financial planner made some accurate calculation: If the one-year, three-and five-year time deposit in the bank have been more than 54 days, 163 days and 284 days to apply for transfer should not exist, or worthwhile.
Do not worry cashing bonds
Bonds with “gilt-edged securities” reputation, has been sought after by the solid-type investors. But the news of a rate hike, many people think, the hands of the Treasury to be devalued if the cash advance? Bank’s financial management division, said after the benchmark deposit interest rates, bond yields will also increase. Investors better wait and see, do not blindly decision-making.
Financial experts suggest that investors face two major losses in advance payment bonds: one bond face value to be deducted fees of 0.1%, the second is calculated in accordance with current interest income, less than half a year to buy enough to pay at 0.72% interest at 1.6% interest for one year, but can not be agreed upon when the purchase of revenue bonds.
Even if the rate hike, compared to the real yield on government bonds is higher than deposit rates. For example, recently issued bonds this year’s first five-year interest rate is 3.81%, holding at least 5 years revenue is 1905 yuan, although the interest rate increase after the 5-year deposit rate was 4.41%, but 20% less interest tax, the actual income was 1764 yuan five years. Therefore, experts recommend, do not start cashing in bonds as well.
related to hot words: mortgage bond interest rates
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