On January 1, 2024, many banks will cut most of their existing mortgage rates by 10 basis points. It is understood that this is affected by the loan market's ** interest rate LPR. The LPR is published monthly, while mortgage rates are adjusted annually. This news means that the lender will save some money on the monthly repayments. For example, for a personal housing loan with a first home loan of 1 million yuan, a term of 20 years, and equal principal and interest repayment in Beijing, the loan interest rate will be reduced from 4 on January 1, 20243% down to 42%, the monthly payment will drop from 6,219 yuan to 6,166 yuan, a decrease of 53 yuan. According to the notice of the People's Bank of China and the State Administration of Financial Regulation, the interest rate of more than 22 trillion yuan of existing housing loans has been reduced, with an average reduction of 073 percentage points, benefiting 1500 million people, reducing borrowers' interest expenses by 160 billion to 170 billion yuan per year. In addition, from January 5, the fuel surcharge for air tickets will be lowered again. These rate cuts are good news for borrowers, but they also raise questions about how much of an impact this rate cut will have on our repaymentsWhat impact will this have on the property market?
How can we make better use of this good news?How much can we benefit from this?Hopefully, will the bank be able to further reduce the mortgage interest rate?You must know that the change in mortgage interest rates will directly affect everyone who has a mortgage, and will also have a certain impact on the entire property market. We need more information to answer these questions. Hopefully, this good news will not only be temporary, but will bring more substantial changes. With the 2024 Spring Festival just around the corner, the fuel surcharge is expected to drop again, which means your travel costs will be reduced. According to the ** travel booking platform, from January 5, 2024, the fuel surcharge for routes within 800 kilometers will be reduced by 10 yuan, and the fuel surcharge for routes over 800 kilometers will also be reduced by 20 yuan. This good news will allow more people to enjoy travel at a lower cost during the Chinese New Year. This adjustment is a big plus for the majority of passengers. During the Spring Festival, popular domestic destinations such as Shanghai, Beijing, Shenzhen, Guangzhou, Harbin, Chengdu, Haikou, Kunming, Sanya, and Hangzhou will usher in a large influx of tourists.
With the reduction of fuel surcharges, airfares** for these destinations are also expected to be reduced, providing more travel options for a wide range of travellers. According to CCTV News and Jinan Times, this adjustment was made in response to the actual situation of the current domestic aviation market. As the epidemic is gradually brought under control, domestic tourism is gradually picking up, and the aviation market is also active. Therefore, by reducing the fuel surcharge, airlines can not only attract more passengers, but also promote the development of the entire travel market. However, some people have also questioned this news. They are concerned that airlines will use this as an excuse to raise other fees to offset the benefits of the fuel surcharge reduction. In this regard, some industry experts pointed out that ** will strengthen supervision to ensure that airlines will not increase fares in disguise through other means to protect the legitimate rights and interests of passengers. In general, the reduction of fuel surcharges will bring certain positive effects to the Spring Festival in 2024. With the epidemic gradually under control, people's demand for travel has gradually increased. By reducing fuel surcharges, airlines will also be able to better meet the needs of travelers and drive the recovery and growth of the travel market.
I hope that during the Spring Festival in 2024, everyone will be able to travel more happily and enjoy a good holiday time at a lower cost.