How often does the mortgage lpr interest rate adjust? The mortgage lpr interest rate is usually updated once a month, but it will only be adjusted once a year. For those who choose the mortgage lpr interest rate, the mortgage interest rate will change with the adjustment of the benchmark interest rate, but it will not be adjusted immediately, but will be adjusted according to the new benchmark interest rate on the annual repricing date. This is different from a fixed interest rate. If you choose a fixed interest rate when applying for a mortgage, the mortgage interest rate will remain unchanged throughout the loan period and will not be affected by the adjustment of the benchmark interest rate.
Why hasn't the loan changed after the mortgage lpr adjustment? The mortgage lpr has been adjusted, but the loan has not changed for two reasons. The first reason is that individuals may choose a fixed interest rate. If they choose a fixed interest rate, the mortgage interest rate will remain unchanged no matter how the mortgage lpr is adjusted. It may also be because individuals choose floating interest rates, but they have not completed an interest rate cycle. Generally speaking, the mortgage interest rate will be adjusted on the repricing date for one year.
The above is about whether the 30% off mortgage is converted into lpr. It is not recommended to convert the 30% mortgage interest rate. The 30% off mortgage interest rate is very cost-effective, even lower than the benchmark interest rate. At this time, there is no need to convert.