证券日报：存量房贷利率调整须综合考量

【证券日报：存量房贷利率调整须综合考量】证券日报刊文称，从监管层释放的信息看，存量个人房贷利率下调已是大势所趋。笔者认为，可以从三方面把握：一是存量个人房贷利率调整是一个渐进过程，不会一刀切，既要给银行缓冲期，也要给市场稳定的预期。二是存量个人房贷利率一旦下调很可能会有对冲政策出台，以维护金融市场稳定。在存量个人房贷利率调整时，须重点考虑商业银行的感受。伴随存量个人房贷利率下调，有必要动用量、价、结构性货币政策工具，甚至新创设涉房货币政策工具，以此来降低存量个人房贷利率下调对银行、金融市场和资本市场的影响。三是即使利率下调之后，存量个人住房贷款仍是银行最稳定的收入来源之一。今年以来，房地产市场整体呈现企稳态势，这是存量个人房贷利率调整的好时机。在存量个人房贷利率调整的过程中，上市银行的估值预计不会受到太大影响，因为这一结构性调整不仅没有改变存量房贷的持续性，而且对增量房贷有积极影响。","multimedia":{"img_url":["https://n.sinaimg.cn/zhibo/548/w545h803/20230809/e7f2-1bd29698c834444d7f7ef226ae76cfa1.png"]},"commentid":"live:finance-152-3202658:0","compere_id":0,"creator":"yongsheng6@staff.sina.com.cn","mender":"yongsheng6@staff.sina.com.cn","create_time":"2023-08-09 09:03:12","update_time":"2023-08-09 09:03:18","is_need_check":"0","check_time":"1970-01-01 08:00:01","check_status":"1","check_user":"","is_delete":0,"top_value":0,"is_focus":0,"source_content_id":"0","anchor_image_url":"","anchor":"直播员","ext":"{"stocks":[{"market":"fund","symbol":"161027","key":"u8bc1u5238"},{"market":"fund","symbol":"161121","key":"u94f6u884c"},{"market":"fund","symbol":"515290","key":"u94f6u884c"},{"market":"fund","symbol":"159940","key":"u91d1u878d"},{"market":"fund","symbol":"160628","key":"u623fu5730u4ea7"},{"market":"us","symbol":"hsy","key":"u597du65f6"}],"needPush":false,"needAIPush":false,"needCMSLink":true,"needCalender":false,"needProvince":"0","docurl":"https:\/\/finance.sina.com.cn\/7x24\/2023-08-09\/doc-imzfqfaf7852729.shtml","docid":"mzfqfaf7852729"}","old_live_cid":"0","tab":"","tag":[{"id":"1","name":"宏观"},{"id":"6","name":"观点"}],"like_nums":0,"comment_list":{"list":[],"total":0,"thread_show":0,"qreply":0,"qreply_show":0,"show":0},"docurl":"https://finance.sina.cn/7x24/2023-08-09/detail-imzfqfaf7852729.d.html","rich_text_nick_to_url":[],"rich_text_nick_to_routeUri":[],"compere_info":""},{"id":3202657,"zhibo_id":152,"type":0,"rich_text":"富时中国A50指数期货开盘跌0.17%。