Monthly mortgage borrowers will pay less each month. Take the mortgage loan with a loan amount of 6,543,800,000 yuan and 30-year equal principal and interest repayment as an example. The LPR before interest rate adjustment is 4.65%. If there is no increase or decrease point, the monthly payment is 565.438+0.56 yuan. After this interest rate adjustment, the LPR is 4.6%, and the monthly contribution is 565,438+026 yuan, which is about less than that of 30 yuan. However, many people will not see the change of mortgage repayment amount until 2023, because in the contracts signed with banks, the mortgage repricing date is generally the loan issuance date or the year 1 1, and the latter is mostly. For new home buyers, it is expected that they can enjoy relatively low mortgage interest rates in the near future.
What does 1.lpr interest rate mean?
Loan market quotation rate (LPR) refers to the interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China after 18 quotation banks have completed the quotation, including 1 year and more than five years. From August 20th, 20 19, LPR will be published on the website of National Interbank Funding Center and China People's Bank at 9: 30 on the 20th of each month (postponed in case of holidays).
2. How often is the 2.lpr interest rate adjusted?
1.On August 2, 2020, five state-owned banks, namely China Construction Bank, China Bank, Agricultural Bank, Postal Savings Bank and Industrial and Commercial Bank of China, jointly announced that from August 25, individual housing loans will be uniformly adjusted to the LPR pricing method.
2.LPR (loan market quotation rate) is quoted on a monthly basis, and the quotation time is the 20th of each month. In case of holidays, it will be postponed. After the announcement at 9: 30 on the 20th, the public can inquire at the People's Bank of China official website or the National Interbank Funding Center.
3. Although LPR is published once a month, for buyers, they can negotiate with the loan bank to adjust the mortgage interest rate according to LPR. The shortest time period is 1 year, and the longest is the loan contract period. If the mortgage is calculated according to LPR within 1 year, the loan interest rate will not change during this year, and will be adjusted again according to the LPR at that time after one year. Because LPR changes every month, lenders can decide the adjustment period according to their repayment ability, LPR interest rate and other factors.