LPR is not only affected by the benchmark interest rate, but also related to the borrower's own credit rating. The loan interest rate is usually determined by LPR plus points. Through LPR, borrowers can better understand and compare the loan interest rates of different banks, and make appropriate loan decisions on this basis. The following small series brings about when to adjust the mortgage lpr interest rate every year. Let's take a look at it together, hoping to bring some reference.
When is the mortgage lpr interest rate adjusted every year?
Commercial housing loans are based on the LPR of the corresponding term. If the customer chooses to implement the floating interest rate policy at the time of handling, the mortgage will have a repricing period of at least one year, and the repricing date can be selected by the customer at 1 month 1 day or the loan issuance date. As soon as the equal pricing date arrives, the new interest rate will be calculated according to the latest LPR quotation and the specified basis point, and then it will be implemented in the next cycle.
And if you choose a fixed interest rate, then no matter how the LPR quotation changes in the later period, the customer's mortgage interest rate will remain unchanged as agreed at the time of signing.
As for the quotation adjustment frequency of LPR itself, it is once a month. On the 20th day of each month (postponed in case of holidays), each quotation bank submits its quotation to the National Interbank Funding Center, which excludes the highest quotation and the lowest quotation, then calculates the new LPR by arithmetic average, rounds it to the nearest integer multiple of 0.05%, and announces it at 9: 30 that day.
Note that LPR includes 1 year and over 5 years, in which the price of 1 year LPR is 3.7% and that of over 5 years LPR is 4.6%.
On what day of the month will lpr be released?
LPR, the loan market quotation, generally announces the new quotation on the 20th of each month. However, if the 20th day of the month happens to be a legal holiday, it will generally be postponed later, often to the first working day after the holiday. As for the announcement time, it is usually 9: 30 in the morning.
The issuer is the National Interbank Funding Center. The specific process is as follows: on the 20th of each month, each quotation bank first submits its own quotation to the National Interbank Funding Center, and then the National Interbank Funding Center excludes the highest quotation and the lowest quotation from the quotations provided by these quotation banks, and then carries out arithmetic average, rounding to the nearest integer multiple of 0.05% to calculate LPR, and then announces it at 9: 30 that day.
After the release of the new LPR, you can log in to official website, the National Interbank Funding Center, or official website and China People's Bank (LPR itself was released by the National Interbank Funding Center authorized by the People's Bank of China).
LPR latest interest rate
2023/06/20: 1 year 3.55%, 5 years and above 4.2%, ushered in a downward adjustment this month.
Lpr interest rate historical data
2023/06/20: 1 year 3.55%, 5-year 4.20%.
2023/05/22: 1 year 3.65%, 5-year 4.30%.
2023/04/20: 1 year 3.65%, 5-year 4.30%.
2023/03/20: 1 year 3.65%, 5-year 4.30%.
2023/02/20: 1 year 3.65%, 5-year 4.30%.
2023/0 1/20: 1 year 3.65%, 5-year 4.30%.
2022/ 12/20: 1 year 3.65%, 5-year 4.30%.
2022/11/21:3.65% for 0 years and 4.30% for 5 years.
2022/ 10/20: 1 year 3.65% and 5-year 4.30%.
2022/09/20: 1 year 3.65%, 5-year 4.30%.
2022/08/22: 1 year 3.65%, 5-year 4.30%.
2022/07/20: 1 year 3.70%, 5-year 4.45%.
2022/06/20: 1 year 3.70%, 5-year 4.45%.
2022/05/20: 1 year 3.70%, 5-year 4.45%.
2022/04/20: 1 year 3.70%, 5-year 4.60%.
2022/03/2 1: 1 year 3.70%, 5-year 4.60%.
2022/02/2 1: 1 year 3.70%, 5-year 4.60%.
2022/0 1/20: 1 year 3.70%, 5-year 4.60%.
202112/20:1year 3.80%, 5-year 4.65%.
202111/22:1year 3.85%, 5-year 4.65%.
202110/20:1year 3.85%, 5-year 4.65%.
202 1/09/20: 1 year 3.85%, 5-year 4.65%.
202 1/08/20: 1 year 3.85%, 5-year 4.65%.
202 1/07/20: 1 year 3.85%, 5-year 4.65%.
2021/06/21:1year 3.85%, 5-year 4.65%.
202 1/05/20: 1 year 3.85%, 5-year 4.65%.
202 1/04/20: 1 year 3.85%, 5-year 4.65%.
202 1/03/22: 1 year 3.85%, 5-year 4.65%.
202 1/02/22: 1 year 3.85%, 5-year 4.65%.
2021/01/20:1year 3.85%, 5-year 4.65%.
2020/12/21:1year 3.85%, 5-year 4.65%.
2020/11/20:1year 3.85%, 5-year 4.65%.
2020/ 10/20: 1 year 3.85% and 5-year 4.65%.
2020/09/2 1: 1 year 3.85%, 5-year 4.65%.
2020/08/20: 1 year 3.85%, 5-year 4.65%.
2020/07/20: 1 year 3.85%, 5-year 4.65%.
2020/06/22: 1 year 3.85%, 5-year 4.65%.
2020/05/20: 1 year 3.85%, 5-year 4.65%.
2020/04/20: 1 year 3.85%, 5-year 4.65%.
2020/03/20: 1 year 4.05%, 5-year 4.75%.
2020/02/20: 1 year 4.05%, 5-year 4.75%.
2020/0 1/20: 1 year 4. 15%, 5-year 4.80%.
2019/12/20:1year 4. 15%, five-year 4.80%.
2019/1/20: 0-year 1%, 5-year 4.80%.
2019/10/21:1year 4.20%, 5 years 4.85%.
20 19/09/20: 1 year 4.20%, 5-year 4.85%.
20 19/08/20: 1 year 4.25%, 5-year 4.85%.
(See official website for the latest data. )
When did the mortgage loan lpr start?
The mortgage lpr starts from June 8th, 10, and the specific effective date is June+10/65438, that is, it is re-priced on the first day of each year before the implementation of the new interest rate. Generally speaking, the LPR interest rate is announced once a month at 9:30 on the 20th of that month. Inquiries can be made through official website, the National Interbank Funding Center, and official website, the central bank.
Personal housing loans are generally commercial loans with a term of more than 5 years. In the past, the benchmark interest rate was anchored and floated or discounted according to the benchmark interest rate; After 65438+10.8, the incremental mortgage interest rate anchored LPR is the quoted interest rate in the loan market published once a month.
Starting time of mortgage interest rate conversion: from March 1, major banks can re-select interest rate methods for existing loan customers, one is based on the original fixed interest rate, and the other is based on LPR.
Difference between LPR interest rate and benchmark interest rate
1, lpr interest rate
That is, 18 commercial banks shout out their loan interest rate quotations to the market, and then get a basic interest rate by weighted average. This interest rate is quoted again on the 20th of each month, and there are two interest rates: 1 year and 5-year. At present, the LPR of 1 year is 4.20%, and that of more than 5 years is 4.85%.
The mortgage interest rate under the New Deal is "based on the LPR of the same period in the last month". "The loan interest rate of the first suite should not be lower than LPR, and the second suite should not be lower than LPR+60 basis points." Taking the 5-year LPR interest rate as an example, the first home loan interest rate is+_ points on the basis of 4.85%, and the specific interest rate shall not be lower than 4.85%; The interest rate of the second home loan is 4.85% plus 60 basis points, and the specific interest rate shall not be lower than 5.45%.
In short, after the implementation of lpr interest rate, what is the preferential interest rate for the first home loan and what is the downward interest rate for the mortgage can only be a legend.
2. The benchmark interest rate of the central bank
It is the guiding interest rate for commercial banks' deposits, loans and discounts announced by the central bank. The central bank will adjust the benchmark interest rate according to the monetary policy objectives. Whenever the central bank raises interest rates or cuts interest rates, the mortgage interest rate will rise and fall.
At present, the version of the central bank's benchmark interest rate is implemented, that is, 4.35% within one year (including one year), 4.75% within one to five years (including five years) and 4.90% over five years.
Compared with the current mortgage interest rate, it is not difficult to find that the mortgage interest rate implemented under the new LPR mechanism is not much different from the central bank benchmark interest rate. The LPR interest rate is re-quoted on the 20th of each month, and it is only high or not, and the probability of rising in the later period is relatively high, and these only have a great impact on new loan customers, so existing customers basically don't have to worry.