As for commercial loans, the LPR price has not changed, and it is still 4.65% after more than five years. However, different regions and different banks may make some adjustments to the basic point according to the local housing purchase policy and market conditions. Of course, the adjustments made in different places are different, some may be downward, and some may be upward.
For example, in Tianjin, the interest rate of the first home loan of CCB's pure commercial loan is set at LPR+45 basis points, which is higher than the original LPR first home loan +30 basis points; However, the interest rate of CCB's second commercial housing loan remains unchanged, or LPR+60 basis points. The interest rate of ABC's first home loan also rose to 5%, which was LPR+35 basis points. In China Bank, the interest rate of the first home loan also rose to 5.05%, which was LPR+40 basis points.
Is the mortgage interest rate 5.88 normal
According to the regulations of the central bank, the benchmark interest rate for loans over five years is 4.9%, and commercial banks can make some adjustments on the basis of the benchmark interest rate. On the basis of the benchmark interest rate stipulated by the head office of the People's Bank of China, the bank's working capital loan interest rate can go up by 20%, down by 10% and up by 20% or 5.88% to 4.9%, so the mortgage interest rate of 5.88% is normal.
If the final mortgage approval rate is higher than the face-to-face signing rate, the bank will implement the loan after the mortgage applicant agrees. If the applicant disagrees with the final interest rate, the loan can be cancelled.