Bankers: 70 percent mortgage rates Bank is set to lose moneyCurrently, most banks in Shanghai to carry out the first mortgage rate 85 percent discount, some media said, with the Central Bank's rate cuts, or as low as 70 percent first mortgage interest rates. However, some commercial banks said first mortgage concessions will not expand in the short term. Banks said, when mortgages hit 80 percent, banks may not make money, 70 percent of the banks is set to lose money.
Jiefang Daily reported on June 12, the Central Bank Bank 4.42-0.03-0.67% the 8th cut 6 related company shares at the same time, raise the deposit interest rate floating ceiling to 1.1 times the benchmark times, cut lending rates float lower to 0.8 times times the benchmark interest rate. It makes a lot of "just want" buyers see mortgage interest rates likely to continue expanding. But China Construction Bank Shanghai Branch said, the less likely in the short term. Central Bank makes Bank spreads narrowed, the higher cost of funds, loans rate will certainly be affected. He admitted that 85 percent is with the markets last-ditch move that no one loan, if the mortgage hit 80 percent, banks may not make money, 70 percent of the banks is set to lose money.