The default rate of mortgage is floating interest rate, which is stipulated in the standard loan contract. Of course, if both parties agree, they can sign a fixed interest rate for a certain period of time. The agreed time of fixed interest rate cannot exceed three years at the longest.

Characteristics of floating interest rate:

1, interest rate adjustment can timely reflect the capital supply and demand in the capital market;

2. The risk of interest rate changes borne by both borrowers and borrowers is relatively small;

3. It is helpful for financial institutions to timely adjust the scale of assets and liabilities and corporate financing decisions according to changes in market interest rates;

4. It is helpful for the central bank to know the effect of monetary policy in time and make corresponding policy adjustments.

Extended data:

Matters needing attention in mortgage to buy a house:

1. Pay attention to the financial affordability of the family. It is suggested that one spouse should bear the mortgage and the other spouse should live for a lifetime. This is the best. Excessive loan amount will affect the quality of life.

2 loans are divided into pure provident fund, pure commercial loans and portfolio loans. If conditions permit, it is best to choose a pure provident fund loan. The interest rate is much lower, and the repayment can be deducted directly from the provident fund, which is convenient. However, the requirements of provident fund loans are relatively high, and the loan amount is applied according to the monthly repayment amount, and the house needs to have a fixed number of years. Some old second-hand houses are not allowed to lend. Commercial loan terms are relatively wide.

The choice of bank loan depends on many aspects. Generally, large banks with the highest interest rate concessions and certain strength are selected.

The personal credit of the bank is very good, and it has a stable income. At that time, it was necessary to provide proof of income stamped with the official seal of the company, at least twice the monthly repayment amount.

5. There are many repayment methods, such as equal repayment and equal principal repayment. The longest loan period is 30 years. Second-hand housing loan period is calculated according to the construction time. Some second-hand housing loans have a short term. Please tell me the bank.