At the beginning of 2024, there are two good news related to the house. Congratulations to those of you who are carrying a mortgage, if your mortgage is repriced on January 1st. In the next year, everyone will be able to pay less on the mortgage. In 2023, the LPR with a term of more than 5 years will start from 43% down to 42%, a 10 basis point reduction, right, the LPR is automatically adjusted, you don't have to worry about it. Save money by lying down
There is also a second piece of good news, in mid-December, didn't Beijing and Shanghai adjust the standard of ordinary housing, the proportion of down payment for house purchases, and the interest rate of housing loans? It may be that the recovery is not as good as expected. On January 2, Shanghai announced a new policy: if you have a house, as long as you have not used the provident fund loan or the first loan has been settled, the second house can be identified as improved housing. The down payment ratio for two improved houses can be as low as 50%, and the minimum payment ratio for the six new towns can be as low as 40%. Compared with the previous requirements for two sets of improved houses in Shanghai, the optimization of this policy is not small. Once again, it stimulated the demand for replacement and improvement of second suites in Shanghai. Friends who want to buy a house and change houses can consider it
Friends who don't buy a house are a little annoyed. As expected, in January, a number of city commercial banks followed in the footsteps of big banks and cut interest rates. It is still the long-term deposits that have been lowered the most. I believe that many friends are beginning to feel that a three-year term is more cost-effective than a five-year period. After all, interest rates are about the same, but more flexible. Even if it goes down again, everyone will feel 22% of live money management is the most cost-effective. Anyway, the interest rate is only 2% on a regular basis, which is about the same as current +, which is not flexible enough. Think so, you're fooled! The purpose of lowering the interest rate on long-term deposits is to force long-term deposits out and let everyone change to short-term deposits. Long-term interest rates are falling, and banks are committed to long-term earnings pressure. 
As long as everyone takes the initiative to choose short-term deposits, the risk of interest rate cuts in the future will be borne by the depositors themselves. Therefore, Qiqi suggests that everyone should still keep long-term savings to fight against the decline in interest rates.
If you only hold short-term savings, you will suffer a greater loss of earnings later on. Won't the deposit rate go up after that? After the interest rate hike, won't I lose my long-term deposits and savings insurance? Is it feasible to buy savings insurance to lock in the interest rate after the interest rate hike? First of all, in the coming decades, it cannot be ruled out that the deposit rate will be raised in the short term to solve some new problems encountered by economic development. However, the long-term interest rate trend must be to the downside. In this regard, we can refer to the trend chart of the global real interest rate level over the past 700 years:
Edit No matter how the search fluctuates in the middle, the overall downward trend remains unchanged. On the other hand, the risk-free interest rate is positively correlated with GDP, and China's economic aggregate is relatively large, with an annual GDP growth rate of nearly 5% at this stage, which is far ahead of other countries.
In the long run, GDP growth will slow down, and interest rates will inevitably continue to fall. Therefore, the probability of short-term interest rate hikes by banks in the future is actually very small. Where does your money go?