The point value added to the mortgage interest rate is 59.0000bp, which is the base point added. For example, the published loan market quotation rate is 4.65%, and the execution interest rate is 4.65% + 59 basis points, or 5.24%.

BasisPoint (bp) is a unit of measurement used in finance to measure changes in bond and bill interest rates. One basis point is equal to 1% of 1 percentage point, or 0.01%, so 100 basis points is equal to 1%.

Starting from October 8, 2019, the interest rate of newly issued commercial personal housing loans will be based on the LPR of the corresponding period in the latest month as the pricing basis plus points. Among them, LPR is calculated from the loan market quoted interest rate quote.

Previously, mortgage interest rates were priced based on the way the benchmark interest rate fluctuated up and down, calculated based on the "central bank benchmark interest rate + basis points". Now, it is calculated based on the "LPR basic interest rate + basis points".

For example, the LPR of more than 5 years in the last month (August 20) was 4.85%. If the mortgage interest rate given by the bank is 5.44%, it means an increase of 59 basis points.

Extended information:

Starting from October 8, 2019, the interest rate of newly issued commercial personal housing loans will be based on the loan prime rate (LPR) of the corresponding period in the last month as the pricing basis. Add dots to form. The interest rate for the first home loan shall not be lower than the quoted LPR price for the corresponding period, and the interest rate for the second home loan shall not be lower than the quoted LPR price for the corresponding period plus 60 basis points.

According to the announcement, the interest rate for second sets of commercial personal housing loans shall not be lower than the market quoted interest rate for loans of the corresponding period plus 60 basis points.

Previously, regulatory authorities required a minimum increase of 1.1 times on the basis of the benchmark loan interest rate for second homes, that is, a minimum of 5.39%. This time, the central bank has clarified the lower limit of mortgage interest rates. For purchases of second homes and above, at least 60 basis points will be added ( Currently about 5.45%). However, due to the changes in LPR, the specific performance of mortgage interest rates in different cities is different, and the increase or decrease in mortgage interest rates cannot be generalized.

Baidu Encyclopedia - Interest Rate Base Point

People's Daily Online - How will the LPR mortgage interest rate benchmark affect home buyers from October 8?