After the adjustment of the general interest rate of banks, the outstanding interest will be adjusted accordingly, which can be divided into three types: first, after the adjustment of the bank interest rate, the new interest rate will be implemented at the beginning of the second year (Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank); Second, annual adjustment, that is, after each year's repayment, there will be a new interest rate adjustment (China Bank mortgage loan); Third, both parties agree that the new interest rate will usually be implemented within one month after adjustment. The interest rate of provident fund loans will be adjusted from 1 to 1 every year.
As we all know, buying a house needs to choose a fixed loan interest rate or a floating loan interest rate. In other words, no matter how the interest rate changes in the future, buyers should pay according to the loan interest rate. If you choose floating interest rate, you can decide your loan interest rate according to your annual minimum interest rate. Compared with the previous loan LPR, the LPR of 202 1 decreased by 0.2%, which means that the loan interest rate of those families who choose floating interest rate will also decrease at 202 1.
If the benchmark interest rate is lowered, the monthly repayment will be reduced accordingly, but not immediately, but until the beginning of next year or the first month of the next loan year. Every bank will set an upper limit according to its own credit status and local real estate policy, but this upper limit is not static. Every bank will have different interest rates, different regions, different times, different regions and different times, and different banks will also have different interest rates. Therefore, if the benchmark interest rate is lowered, the monthly loan amount will be reduced accordingly, but how to adjust it depends on the terms of the loan contract.
Generally speaking, although many people have saved a lot of money, people who have never bought a house are getting more and more nervous because of the decrease of mortgage interest rate. So it is still difficult for them to buy a house this year.
That's what I told you. Can the mortgage interest rate be changed? I hope I can help you. If you don't know much about it, you can refer to the above content to learn.