The lpr interest rate is adjusted once a month, and the specific adjustment time is relatively fixed. Generally, the People's Bank of China will issue shares in the second half of the month, such as 202 1 on September 22nd, 10 on June 20th,10/on June 22nd and 12 on June 20th.

Lpr interest rate, that is, preferential loan interest rate, refers to the loan interest rate executed by commercial banks for their best customers. Other loan interest rates can be generated by adding and subtracting points on this basis. The centralized quotation and release mechanism of preferential loan interest rate is based on the quotation bank's independent quotation of its preferential loan interest rate, and the publisher is designated to perform arithmetic operation on the quotation to form the average interest rate quoted by the quotation bank's preferential loan interest rate and announce it to the public.

LPR Quotation Bank Group is now composed of Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, Industrial Bank, City Commercial Bank, Rural Commercial Bank, Foreign Banks and Private Banks. Quoting banks should meet the requirements of hard financial constraints and macro-prudential policy framework, have high systematic importance, great market influence and strong comprehensive strength, establish internal rate of return curve and internal transfer pricing mechanism, have strong independent pricing ability, and formulate the bank's preferential interest rate management measures and other conditions conducive to quotation.

The self-discipline mechanism of market interest rate pricing determines and adjusts the members of quotation banks according to the centralized quotation and release rules of preferential loan interest rates, supervises and manages the operation of preferential loan interest rates, and regulates the behaviors of quotation banks and designated issuers. China Foreign Exchange Trading Center and National Inter-bank Funding Center have the right to calculate quotations and release preferential interest rate information for loans. Every trading day, according to the quotations of each quotation bank, the highest quotation and the lowest quotation of 1 are excluded, and the average interest rate quoted in the preferential loan interest rate is calculated by weighted average, which is published at 1 1:30.

The latest quotation of Ipr is 202 1 year 65438+February 1 year LPR 3.8%, and LPR 4.65% for more than 5 years. The above LPR is valid until the next edition of LPR. Compared with1the latest quotation in October 1 1, the 0-year LPR decreased by 0.05%, and the rest remained unchanged. This downward adjustment is the first downward adjustment of one-year LPR after 19 months. The largest monthly decline since the reform on April 20, 2020, the LPR with a term of 1 and more than 5 years has been "held" for consecutive 19 periods. In this adjustment, the LPR of 1 year is lowered by 5 basis points, and the LPR of more than 5 years will not be adjusted. Experts said that the downward adjustment of the 1 year LPR quotation will not only directly push down the financing cost of the real economy, but also reflect that under the triple pressure of shrinking demand, supply shock and weakening expectations, monetary policy is stepping up counter-cyclical regulation in time, which has an important signal role in stabilizing market expectations, alleviating the downward pressure on the property market and promoting the recovery growth of consumption and investment.

When will LPR be adjusted?

According to the current regulations, the LPR interest rate is adjusted once a month, but this does not mean that the mortgage interest rate based on LPR is also adjusted once a month. Generally speaking, it will be adjusted every year. At present, the shortest time period of all LPR benchmark pricing interest rates is 1 year, and the longest is the contract period, but if it is necessary to adjust, it can also be handled at the loan bank.

Variable LPR interest rate loan refers to a loan whose interest rate is based on a selected market interest rate and then calculated by adding a certain percentage determined by the bank to the basic interest rate within a predetermined time interval within the loan period, and the interest rate fluctuates with the change of the selected basic interest rate.

Difference of variable LPR interest rate

As the base interest rate, it can be the rediscount rate of the central bank, the treasury bill rate, the interbank offered rate, the subordinated negotiable deposit certificate rate or other financial market interest rates. However, the basic interest rate of floating interest rate is the benchmark interest rate determined by the financial authorities, not the market interest rate.

The difference between LPR and floating interest rate is that LPR is the quoted interest rate in the loan market, which is a basic loan reference interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China, and quoted by the representative quoted banks plus the open market operating interest rate (mainly referring to the medium-term lending convenience rate). All financial institutions should mainly refer to the loan pricing of LPR.

How often does the mortgage lpr interest rate adjust?

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.