If the mortgage interest rate falls, the mortgage interest rate of those who have already borrowed will also fall. This is because domestic personal mortgages are basically based on floating interest rates, so most mortgage contracts signed by borrowers and banks are also floating interest rates. Because of this, when the mortgage interest rate is adjusted, the calculation of the borrower's mortgage interest rate will be adjusted accordingly, including of course the customers who have borrowed. In other words, every time the central bank cuts interest rates, the borrower's monthly payment will be reduced accordingly; On the contrary, there will be a corresponding increase. However, it should be noted that the central bank's downward adjustment of RRR does not necessarily mean that the mortgage interest rate will fall. After all, the mortgage interest rate will be affected by the local market situation, the supply of loan funds, the cost of funds and other aspects. Therefore, don't follow the trend when you see RRR cut interest rates. They should pay more attention to the information of mortgage interest rate, and it is not too late to wait until it really drops. Mortgage loan, also known as mortgage loan. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract. Housing loan Personal housing loan refers to a loan issued by a bank to a borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. Entrusted loan Personal housing entrusted loan refers to the loan granted by the bank to individuals who purchase ordinary housing with housing provident fund deposits as the source of funds according to requirements. Also known as provident fund loans. Self-operated loans Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan. Portfolio loan Personal housing portfolio loan refers to a loan issued to the same borrower from the housing provident fund deposit and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loan and self-operated loan. In addition, there are housing savings loans and mortgage loans. Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc. Loan amount: 80% of the value of the loanable property after being audited by the bank. Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan. Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old. Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
Second, if the central bank cuts interest rates, will the interest rate of student loans be reduced?
Will be reduced, because the interest rates of student loans and bank loans for the same period.
Therefore, the interest rate of bank loans has been lowered, and the interest rate of student loans should also be lowered.
Three, the central bank cut interest rates, my housing provident fund loan interest rate will be lowered?
All bank loans are adjusted once a year in June 65438+ 10 1 according to the interest rate at the end of last year. The previous floating interest rate or discount rate continues to be valid. (that is, the interest rate adjustment in that year will not keep up immediately)
4. Will the deposit interest rate drop when the central bank cuts interest rates?
The central bank's interest rate cut is a last resort under the current circumstances. In July, both social financing data and personal loans showed a large-scale decline. It shows that people have greatly reduced consumption, enterprises do not intend to expand production, and the main business environment has changed! Local finance is tight, land sales are greatly reduced, and people are unable to spend, so there will be a trend of interest rate cuts!