The mortgage interest is reduced and the loan can be reduced. If the repayment applicant chooses floating interest rate, after the central bank of China lowers the benchmark interest rates of RMB loans and deposits of financial institutions, the benchmark interest rates of deposits and loans of other grades and the deposit and loan interest rates of individual housing provident fund will be adjusted accordingly. Among them, most banks will implement the new interest rate on June 65438+ 10 1 in the second year after the interest rate cut, and a few banks will implement the new interest rate one year after the old interest rate is implemented.

Matters needing attention in reducing mortgage interest rate

First, not everyone's monthly payment will be reduced.

Only those who adopt LPR in the choice of mortgage interest rate may reduce it, while those who choose fixed interest rate will not enjoy the benefits brought by LPR adjustment.

The most important beneficiary of this LPR decline is the demand to buy a house soon.

Second, you can't enjoy the reduction of monthly supply right away.

For those who are already paying their mortgages on a monthly basis, our mortgage interest rate is only adjusted once a year, and we need to wait until the next "repricing day" to enjoy the benefits of this interest rate cut. At that time, the bank will implement the LPR interest rate announced on the 20th of the month before the "repricing date" (the increase will remain unchanged).

The repricing date of each "house slave" may be different. When LPR was first implemented, the bank gave us time to choose and adjust independently. Some people choose to adjust the time of the first loan; For the other part, 65438+ 10 month 1 day adjustment is selected, and for those who do not actively choose the adjustment day, most banks uniformly adjust to 65438+ 10 month/day.

In other words, many people may have to wait for half a year, and they will not enjoy the benefits of LPR relief until June 5438+ 10 next year.

If there had been a rate hike at that time, the benefits of this interest rate cut would have been washed away. Judging from the current economic environment and trends, it is unlikely to raise interest rates in 2022 or even in the first half of 2023.

Even in the long run, our interest rate is in the downward stage.

Third, how much can the monthly supply drop?

If the commercial loan amount is 6,543,800 yuan, the loan lasts for 30 years, and the repayment methods of principal and interest are equal, the LPR will be reduced by 654.38+05 basis points, the monthly payment will be reduced by 88.48 yuan, and the accumulated monthly payment for 30 years will be reduced by 3,654,380 yuan+08 thousand yuan.

It doesn't look like much, but I know one thing!