Is the mortgage interest rate 6.37 high?
Whether the mortgage interest rate of 6.37% is high or not needs to be compared with the benchmark loan interest rate. Take the benchmark loan interest rate as an example. The benchmark interest rate for five-year bank loans is 4.9%. If the mortgage interest rate applied by the borrower is 6.37%, it means that it has fluctuated by nearly 36%, which is a relatively high mortgage interest rate.
Among all loan interest rates, the provident fund loan interest rate is the lowest, and the five-year loan interest rate is 3.25%. Compared with the provident fund loan interest rate, the mortgage interest rate of 6.37% is also relatively high.
However, if buyers apply for a second home loan, the mortgage interest rate of 6.37% is not high. Generally speaking, the lowest interest rate of a bank's second home loan is 1. 1 times the benchmark interest rate. According to the loan interest rate of 4.9%, the mortgage interest rate of 6.37% is moderate.
Is the mortgage interest rate of 6.37 still worthwhile?
In fact, the level of mortgage interest rate is not uneconomical. For those who just need to buy a house, they must apply for a personal housing loan, and the mortgage interest rate is what they need to bear. If property buyers feel that the mortgage interest rate applied for is too high, they can also choose to change the loan application bank and re-apply for a mortgage.
The mortgage interest rate of each bank will be different. Some property buyers apply for a mortgage interest rate of 6.37% at Bank A, and if they change banks, they may apply for a mortgage interest rate lower than 6.37%.
Is the mortgage interest rate 6.37 high? I hope I can help you!