LPR is the quoted interest rate of the loan market announced by the central bank. The latest quotation shows that the five-year LPR (the interest rate related to mortgage loan) is 4.65%, which is 10 basis point lower than before. This is the biggest rate cut since the LPR reform in August last year.

Since 2065438+August 2009, the interest rate of LPR has been falling. In particular, the LPR related to mortgages with a term of more than five years has been lowered three times, from 4.85% to 4.65%. Therefore, for mortgage loans before 10 last year, it is not too late to choose a floating interest rate linked to LPR.

Extended data

Precautions:

12 On August 25th, China Industrial and Commercial Bank, China Construction Bank, Agricultural Bank, China Bank and Postal Savings Bank announced at the same time that individual housing loans within the range of batch conversion will be uniformly adjusted into LPR pricing model according to relevant rules.

At the same time, it is clear in the announcement that after the batch conversion is completed, if there is any objection to the conversion result, it can be transferred back through relevant channels or negotiated with the loan handling bank before February 65438+February 3 1 2020.

People's Daily Online-LPR ushered in the biggest interest rate cut in history. How much is your mortgage short?