The lower limit of the mortgage interest rate of Foshan 202 1 is the LPR of more than 5 years minus 20 basis points, that is, **4.6%-2%=2.6%. After the People's Bank of China authorized the National Inter-bank Funding Center to announce the quoted interest rate (LPR) of the new loan market, the LPR of 1 year and over 5 years were lowered by 10 and 5 basis points respectively compared with the previous period, of which the LPR of 1 year was lowered to 3.7% and that of over 5 years was lowered to 4.6%. Therefore, if calculated according to the latest LPR, the lower limit of Foshan mortgage interest rate should be **4.6%-5%=0.6%.