According to Tejarat News, How much did the price of mortgage bonds increase?
Quoted from EconomyNews, The trend of mortgage costs has increased in recent days, and despite the new facilities, but the trend is still increasing. The path of costs recorded in the housing market shows that with the increase in the ceiling of mortgage costs in the fall, the demand trend increased and due to the decrease in supply in this sector, the cost of loans recorded unprecedented records.
Meanwhile, on the occasion of the anniversary of the establishment of the Housing Bank, the institution made a new decision to reduce the initial payment on loans, which led to lower prices for TSE bonds in the market. But now, the recorded statistics of the price of TSE bonds in the market show that the price of bonds in the market has risen again and has exceeded 110,000 Tomans.
Price record in the TSE market
On January 10, the cost of housing bank facility bonds reached about 111 thousand tomans. A review of statistics shows the second record price of this variable in the last two years.
In general, customers of the housing facility bond market can obtain a home loan from a housing bank by purchasing these bonds in the market. The price of these bonds is discovered in the market on a daily basis and their credit for buying a loan is equal to 500,000 Tomans.
In the fall of this year, the bond purchase ceiling changed. According to the new rule of the Housing Bank, the loan purchase limit for single people living in Tehran was equal to 280 million Tomans and for married people equal to 480 million Tomans. This event led to an increase in demand, and if supply did not keep pace with the demand for bonds in the market, the price of these behavioral bonds rose.
In this regard, at the beginning of December, Maskan Bank decided to reduce the cost of loans for customers on the occasion of the anniversary of the establishment of this bank. For this reason, a new rule on the purchase of bonds was approved by January 16th, during which customers only need to buy half of the bonds to receive a specific loan and receive the other half at a nominal interest rate of 18% over eight years from the Housing Bank. کردن.
The event prompted customers to purchase half of the bonds needed to get the loan. This was tantamount to doubling the supply of securities in the market.
A new wave of demand in the housing market?
This reduced the cost of the mortgage, but the point is, how long will this cost reduction last? In this regard, some analysts believe that a new wave of market demand will be formed again, which will increase the cost of loans.
On January 10, the cost of TSE bonds in the housing market was 111 thousand tomans, which increased the cost of loans for single people to 31 million and 80 thousand tomans if they use the facility and to 62 million and 160 thousand tomans without using the facility.
The cost of a mortgage for married people on this day is equal to 53 million and 280 thousand tomans, which in case of not using the facilities will be twice this figure, ie 106 million and 560 thousand tomans.
The growing trend in mortgage interest rates
Since customers in this market have to pay two fees to get a loan, the mortgage interest rate for them will be separated from their nominal amount and will change in proportion to the cost of the bonds.
In this regard, the mortgage interest rate on January 10, if using the facility will be equal to 21.65 percent and if not using this facility will be equal to 24.7 percent.