The mortgage interest rate is directly related to the lender's monthly payment. After all, the mortgage amount is large, and interest rate changes will lead to a large interest gap. Especially after the mortgage interest rate is lowered, people who have already borrowed urgently need to know whether their mortgage interest rate and monthly payment can be automatically adjusted.

Will ABC's mortgage interest rate be automatically adjusted?

The mortgage interest rate of ABC will be adjusted automatically. If the lender chooses a fixed interest rate, the converted loan execution interest rate will be fixed for the remaining loan term and will not be adjusted with the change of LPR, and the floating interest rate will be adjusted on the next interest rate repricing date.

If the lender chooses floating interest rate, the loan interest rate level of the lender will remain unchanged after the conversion until the first repricing date, on which the loan interest rate will be adjusted according to the latest LPR of the corresponding period at that time.

The general mortgage interest rate repricing date is 65438+ 10/month 1 or the lending date is the opposite day of each month. If the lender has no choice, it is 65438+ 10/0 every year, so many people will change the monthly mortgage payment from 65438+1 0.

The determination of bank mortgage interest rate is the basic point of LPR. After the LPR is lowered, although the mortgage interest rate will decrease with the LPR's downward adjustment, the basis point will not change. The adjustment of mortgage interest rate itself is also written into the contract, and the lender also knows the setting of interest rate when signing the contract.

For example, when you take out a loan, the LPR is 4.5%. If you add 40 basis points on this basis, your mortgage interest rate will be 4.9%. Subsequently, the LPR will be reduced to 4. 1%. After the mortgage interest rate is repriced, your mortgage interest rate will be adjusted to 4.5%.