The adjustment cycle of mortgage interest rate LPR interest rate depends on the specific situation of the lending bank. The shortest adjustment period is 1 year, and the longest adjustment period is the corresponding contract period.

The interest rate of LPR is usually adjusted once a month, but the mortgage based on LPR will not be adjusted accordingly every month.

If the agreed term is one year, the mortgage will be priced at the same intellectual property interest rate within one year.

Mortgage, also known as mortgage loan, means that the buyer fills in an application for mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract signed between the bank and the buyer. The bank directly transfers the loan funds to the sales unit in the bank within the time limit stipulated in the contract.