When is the mortgage LPR interest rate adjusted every year?
The mortgage loan LPR interest rate is adjusted every year 1 month 1 day. The interest rate of LPR is one year, and the following year is 65438+ 10 month 1 recalculated. The shortest interval between repricing dates is one year. Although LPR quotes every month, the mortgage interest rate will not be adjusted every month. From the first repricing date, the interest rate level of each repricing date is recalculated and determined by the added value of LPR and conversion date in the corresponding period of the latest month, and remains unchanged during a repricing period.
Is the mortgage interest rate fixed or floating?
1. Floating rate loan customers need to convert the interest rate pricing benchmark agreed in the original contract into LPR or directly into fixed interest rate. Whether the fixed interest rate is good or LPR is good mainly depends on the current mortgage interest rate of customers and the future trend of LPR.
2. If the customer's current mortgage interest rate is favorable enough, the downward trend of LPR in the future is not obvious, and it may even rise. If the new interest rate obtained after conversion to LPR may be higher than the current interest rate, it is better to directly convert it into a fixed interest rate.
3. If the customer's current mortgage interest rate is not very low, and the downward trend of LPR is obvious in the future, the new interest rate calculated after conversion into LPR can be lower than the current interest rate, then it is naturally better to convert into LPR.
4. If it is already in the last repricing cycle, then the mortgage interest rate does not need to be converted. As for the new commercial personal housing loan interest rates, they are all formed by adding LPR as the pricing benchmark (the benchmark interest rate of central bank loans is still implemented for provident fund loans).