The latest benchmark interest rate for 2022 released by the central bank is as follows: 3.85% for less than one year (including one year); The interest rate for one year to five years (including five years) is 4.65%; More than five years, 4.65%.

Mortgage interest rate, a term in the field of economics, refers to the loan interest rate in the form of mortgage with real estate.

According to the traditional Keynesian economic thought, when considering the determinants of mortgage interest rate for single housing financing, market economy countries usually regard the loan interest rate as the capital price in the capital market, and think that the loan interest rate should mainly depend on the market supply and demand of mortgage funds.

There are three types of participants in the mortgage fund market: mortgage institutions, borrowers and depositors.

Loan interest rate classification

According to whether the interest rate level changes during the monetary fund lending relationship, the loan interest rate can be divided into fixed interest rate and floating interest rate. Floating interest rate refers to the interest rate that is adjusted accordingly with the change of price or other factors during the loan period. Lenders and borrowers can agree that the interest rate can be adjusted with the price or other market interest rates when signing the loan agreement. Floating interest rate can avoid some disadvantages of fixed interest rate, but the calculation basis is diverse and the procedures are complicated.