In the past, the mortgage interest rates we signed with commercial banks all fluctuated in a certain proportion. After signing the contract, the interest rate will remain unchanged unless the benchmark interest rate of the central bank changes.

On August 25th, 20 19, the People's Bank of China issued an announcement to adjust the interest rate of new commercial personal housing loans. From June 8, 20 10, the pricing benchmark of individual housing loans was changed from the previous loan benchmark interest rate to LPR (loan market quoted interest rate). The old mortgage interest rate signed before June 8, 20 19 (that is, the above-mentioned benchmark floating ratio) is given two choices: one is to convert it into a fixed interest rate; The second is the interest rate converted into LPR. The conversion work will start from 1 in March 2020 and end before 3 1 in August 2020.

Why is LPR reduced and interest not reduced?

If you signed the loan contract before 20 1918, and the loan interest rate has not been adjusted to LPR, then this LPR adjustment has nothing to do with you. Your loan interest rate will remain unchanged, whether it is increased or decreased.

If you signed the loan contract after 20 19 10/8, the loan interest should be reduced in theory, but in fact, the bank's loan interest rate is not adjusted every month, usually once a year. Therefore, the interest rate adjustment on February 20th will not directly reduce the loan interest rate of the current month or next month (the same is true for the upward adjustment), but wait until next year (see the loan contract you signed with the bank for details).

abstract

To sum up, the interest rate of LPR was lowered on February 20th, and the repayment on February 2nd1was normal. It would be a miracle if interest rates were lowered. This policy is to serve the overall economic situation, to stimulate economic development, not to solve difficulties. Mainly to stimulate people who just need to buy a house to buy a house in the market. This will stimulate the economy to resume its upward trend and resolve the negative impact of this matter. But it is by no means a tool for the new round of price increase in the property market, which was repeatedly mentioned and clarified by the head of the central bank at the press conference. "Housing without speculation" is still the main tone at present.