The reduction of RRR interest rate by the central bank will generally not reduce the monthly mortgage repayment. The RRR cut by the central bank means that the central bank will reduce the statutory deposit reserve ratio. Generally, users who have already bought a house will implement the previous loan interest rate and keep the monthly mortgage payment consistent. The reduction of RRR interest rate by the central bank will generally affect the number of bank loanable funds, thus expanding the credit scale, increasing the money supply, releasing liquidity and stimulating economic growth. The above is whether the central bank will reduce the monthly supply.

Is the first monthly payment higher than the normal monthly payment normal?

It is normal that the monthly payment in the first month is higher than the normal monthly payment, because the monthly payment in the first month is calculated on a daily basis. From the next payment date to the next month's repayment date, the repayment days will definitely exceed one month's repayment. Other normal monthly payments are only for a whole month. The monthly payment for the first month is calculated on a daily basis, and the interest will be more. The monthly repayment in the last month is of course higher than that in other months.

In addition, it is also related to the loan repayment method selected by the user. If you choose equal principal repayment, the monthly payment in the first month will be higher than that in the following months. Because the repayment method in average capital is to evenly distribute the total repayment amount to each month, and then calculate the repayment interest of the current month according to the remaining funds, the larger the repayment months of the borrower, the lower the principal and interest to be repaid in the future, so the monthly repayment amount will be less than one month later.

Generally speaking, it is not wrong for users to repay according to the repayment form reminded by the bank. If you have any questions about the reminder, you can directly call the bank's customer service hotline for consultation. If the bank does deduct more money, you can report it to the bank. After the bank's audit, if the repayment amount is really large, it will give the user a refund, so don't worry about it.

Why does the central bank cut interest rates and the monthly supply does not fall?

After the central bank cut interest rates, the monthly mortgage payment did not decrease, because the monthly mortgage payment interest rate will not decrease immediately after LPR adjustment, and the monthly mortgage payment interest rate that has been handled will be adjusted in the coming year. At the beginning of the interest rate cut, the mortgage interest rate has not changed, and the monthly mortgage payment is the same as the original monthly mortgage payment. Another factor is that users choose a fixed interest rate. The central bank's interest rate cut has no effect on fixed-rate housing loans. No matter whether the central bank cuts interest rates or raises interest rates, the interest on fixed-rate housing loans will not change. This article mainly writes about whether the central bank will reduce the monthly supply, and the content is for reference only.