What is the interest rate of mortgage lpr in Puyang in April 2020?
On April 20th, 2020, the People's Bank of China announced a new round of loan market quotation (LPR). The LPR of 1 year is 3.85%, and the LPR of more than 5 years is 4.65%.
The decline of LPR interest rate has a certain impact on buyers. For property buyers, as long as the banking institutions keep the floating base point of mortgage unchanged, the cost of mortgage will be reduced.