According to a report from Financial Associated Press on December 4 (Reporter Gao Ping), recently, there have been reports that the first mortgage rates in Qingdao will increase from 3% to 3.1% on December 11. Today, the reporter consulted staff from various branches of several banks in Qingdao, and most bank staff stated that they have not yet received notification of an increase; a few bank staff admitted that there is a possibility of an increase.

The staff from the individual loan department of a major bank's branch in Qingdao's Shibei District responded to the reporter from Financial Associated Press today saying, "The current first mortgage rate is 3%, and we have not yet received notification of an increase." However, another staff member from a different branch of the same bank mentioned that the current first mortgage rate is 3%, but it may rise to 3.1% on December 11, stating, "There is a notification."

The reporter from Financial Associated Press also consulted several branches of another major bank's individual loan department, where the staff indicated that they have not received notification of an increase. "The current first mortgage loan rate is 3%, and the property-backed loan is 3.1%, and we have not yet received notification of an increase," said a client manager from this bank's branch in Qingdao's South District.

A staff member from the individual loan department of the major bank's branch in Qingdao Sifang District also stated that they have not received notification of an increase, but admitted that the probability of an increase is quite high. "Generally, we only receive the official notification a day or two before the interest rate is formally increased," the staff member said.

A real estate agent in Qingdao informed the reporter from Financial Associated Press today, "Starting from December 11, based on the bank's face-to-face signing, the new mortgage rate will be adjusted from 3.0% to 3.1% (with both the first and second sets being 3.1%), and all banks in Qingdao will implement this." They also mentioned, "The notice was just issued yesterday."

In fact, the reporter from Financial Associated Press learned that last month, the first mortgage rate in Qingdao was just raised from 2.9% to 3%. "It was increased from 2.9% to 3% on November 10," said a client manager from this bank's branch in Qingdao's South District. Another bank staff member also stated that the first mortgage rate remained at 2.9% for a short period, "It was raised to 3% around early November."

Recently, the increase in mortgage rates in many regions has attracted market attention. On December 1, some media reported that the lower limit of the first mortgage loan interest rate in Hangzhou has been increased to 3.1%. In addition, the investigation revealed that since November, several regions including Guangzhou, Ningbo, and Wuxi have raised the lower limit of the first mortgage rates for new issuances, with the adjusted interest rate levels between 3% and 3.1%.

Regarding the rise in mortgage rates in places like Hangzhou, Yan Yuejin, the deputy director of the Shanghai E-House Real Estate Research Institute, stated that banks increased mortgage rates from below 3.0% to 3.0%. The mainstream determination is mainly an automatic adjustment made to hedge against the 25 basis points reduction in LPR. The adjustment from 3.0% to 3.1% objectively indicates that there have been some new changes in banks' mortgage policies.

In Yan Yuejin's view, the costs and benefits of mortgage issuance need to be balanced. Some banks previously offered preferential rates, which were overall at an extreme position in such a smooth line, therefore, for banks, there is not much space left for further reductions. "Additionally, this kind of increase is also related to the market's recovery. The volume of mortgage applications in various places has increased, and the pressure on banks for mortgage issuance has decreased," Yan Yuejin added. However, even with adjustments, mortgage rates remain relatively low overall.