In January, the amount of new mortgages undertaken by the five major banks was 36.954 billion yuan, a record low in nearly four years, and the mortgage interest rate soared to 1.953%, a record high in more than seven years.

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[Reporter Chen Meiying/Taipei Report] The central bank announced today the amount and interest rate of the new mortgage loans of the five largest banks. Affected by the longest Spring Festival holiday in history, coupled with the conservative environment, the amount of new mortgage loans undertaken by the five largest banks in January was 36.954 billion yuan. In December last year, the sharp drop of 27.541 billion yuan hit a new low in nearly 4 years, while the mortgage interest rate rushed to 1.953%, writing a new high in more than 7 years.

According to the statistics of the central bank, the last time the five major banks' new mortgage interest rate broke 2% was in January 2009.

Since the central bank raised interest rates by half a yard in December last year, most of them were reflected in the new mortgage interest rates in January. Whether the mortgage interest rates will be raised to more than 2% next may depend on whether the central bank continues to raise interest rates in March.

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Central bank officials said that the number of working days in January this year was only 16 days, which was 5 working days less than the 21 days in the same period last year. In addition, the overall environment became more conservative, which made the five major banks such as Yuanyue Taiwan Bank add new mortgages. The monthly amount decreased by 27.541 billion yuan to 36.954 billion yuan, a new low since March 2019, which is consistent with the large drop in the number of transferred buildings in Liudu in January.

According to statistics, the number of buildings traded and relocated in Liudu in January all experienced negative growth.

Among them, New Taipei City also decreased by 58.2% compared with the same period last year, and Kaohsiung also decreased by 48.7% year-on-year.

There are also signs of loosening in housing prices.

Judging from the Greater Taipei Housing Price Index released by Xinyi Housing, the Greater Taipei Housing Price Index in January decreased by 1.32% month-on-month and increased by 4.98% year-on-year.

"The annual growth rate has dropped a lot, and it was still 7.28% in December last year."

Officials said that Xinyi housing statistics mainly focus on the transaction price of existing homes. Although it is related to the number of working days, house inspections, and the decrease in transaction volume, the slowdown in housing prices is also obvious.

Will deferred gas purchase resume in February?

Officials said that in addition to the seasonal impact of the number of working days during the Spring Festival, environmental factors are also important and need to be observed again. It is recommended that it is best to observe together in January and February to be more complete.

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