If Thursday decides to raise interest rates by half a meter, the mortgage interest rate will revert to the 2% era, and the last time the interest rate was 2%, it last appeared in January 2009. (Photo Source/Editorial Department of Xin Media)
The meeting of the central bank’s board of directors and supervisors will take place on Thursday. The market expects the interest rate to be raised by half a meter or less. If the interest rate is raised by half a meter, the mortgage interest rate will rise back to the 2% era. However, with the sharp rise in interest rates in the United States, the continuous pace of domestic hike should be suspended and also the expected pressure on the housing market for continued interest rate hikes should be relieved.
The “Global Central Bank Week” is approaching: central banks such as Australia, the Philippines, Indonesia, India and Taiwan will follow the interest rate policy of the US Federal Reserve and hold meetings to discuss the latest monetary policy. The economic research teams of major foreign banks already have “knowledge” of Taiwan’s central bank, and it is very likely that the rate hike will be half a meter.
Foreign banks estimate that the probability that the central bank will raise interest rates is not high
DBS Bank said there are three reasons why it is difficult for the central bank to suspend interest rate hikes before the end of the year: 1. Inflation is still above its long-term average level 2. Central banks in other large countries are still in an interest rate hike cycle. 3 The broader economy is not yet in a recession.
ING Dutch Bank said Taiwan’s central bank’s aim of raising interest rates is to “partially keep pace” with the US Federal Reserve’s interest rate hikes. The approach is different from the bank’s Philippine central bank, which will fully follow the Fed’s forecast to raise interest rates by 2 yards. It is clear that the Philippine central bank will continue The hawkish stance will continue until 2023. But for Taiwan’s central bank, the team said that depends on economic data and statements presented by the central bank after the meeting to assess whether Taiwan will raise interest rates further in the first quarter of next year.
According to statistics from the Joint Levy Center, the average mortgage interest rate was 1.46% before the rate hike in the first quarter of this year. accumulated interest has been increased by 0.5% this year, the interest rate will increase after Thursday’s rate hike, more than 2%. Regarding the new mortgage interest rates of the central bank’s five major banks , was 1.367% before the February rate hike this year. If the interest rate is raised by half a meter on Thursday, the future interest rate will also be close to 2%. So if you decide to raise interest rates by half a meter on Thursday, the mortgage interest rate will go back to the 2% it was and the last time the interest rate was 2% was last seen in January 2009.
If the interest rate is raised by half a meter, the ten million loan will pay off one more month’s home loan per year
Zeng Jingde, project manager of Xinyi Housing Real Estate Enterprise Research Office, said this wave of interest rate hikes can be divided into real and trust. deadline for the Meanwhile, and the pressure from domestic interest rate hikes has eased. Continued interest rate hikes from this year should have some breathing room next year, which will help homebuyer confidence stabilize .Hope to get up.
Calculate the average principal and interest depreciation of 10 million yuan over 30 years. The test calculation is 1.375% before the interest rate increase this year, and the monthly repayment amount is 33,915 yuan.If the interest rate is raised by half a meter on Thursday, in addition to the previous increase of 0.5%, the mortgage interest rate will reach 2%, and the monthly repayment amount will increase to 36,962 yuan, or 3,047 yuan in more than before this year’s interest rate hike and 36,564 yuan more per year, which is equivalent to paying an extra month’s mortgage.
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