At present, only LPR can choose housing loans, and those who have already purchased housing loans also need to transfer to LPR. The benchmark interest rate of LPR is quoted by 20 banks, and then a highest value and a lowest value are removed. The average price quoted by the remaining 18 banks is the final benchmark interest rate of LPR, which is updated at 9: 30 on the 20th of each month (holidays are postponed). The current benchmark interest rate of LPR is 4.65%, showing a downward trend.

If the loan term exceeds 5 years, it is recommended to choose LPR.

In the long run, the downward trend of interest rates is a trend. We will find that there is a law all over the world that interest rates will fall after the country develops to a certain trend. For example, there are many European countries in Japan, and they have zero or even negative interest rates, so the probability of interest rate going down far exceeds the probability of going up, so it is more appropriate to choose LPR in the long run.

Some explanations and suggestions:

1. The future interest rate shows a downward trend. Above 5.0, it is suggested to adjust the LPR value, while below 5.0, it is suggested to keep it unchanged.

2. If the loan term is less than 5 years, it is recommended not to transfer it, because your interest has basically been paid off, and the rest is the principal. Even if it is transferred, it will not change much every month.

3. If you discount the two suites, you can choose fixed and floating, which can hedge the risk without losing money.

4. Interest rate selection can only be converted to 1 time. Once confirmed, it cannot be changed.

5. The transition period is from March 1 to August 3 1 in 2020. It doesn't matter when the contract is signed. Signing the contract early does not mean that you can enjoy the preferential treatment early, and the adjustment will start from next year.

6. When signing a contract, it is suggested to choose the interest rate of 1 year to change (float) instead of 2, 3 or 5 years. Shorten the pricing cycle and enjoy preferential treatment as soon as possible during the interest rate downturn.

7. When signing the contract, it is recommended to choose the floating mode of 1+0 every year, and it is not recommended to choose the appropriate year, month and day. First of all, you can enjoy the benefits of LPR as soon as possible. Second, every year, 65438+February is generally a policy-making adjustment period, and 65438+ 10/can be implemented; 3. The repayment amount of 65438+ 10/month 1 is easy to remember throughout the year, so as to avoid the omission caused by the increase or decrease of the repayment amount during the mid-term adjustment.