5. The mortgage interest rate of1%is actually 5. 1% at the initial stage of conversion into LPR. After the conversion, you will get a basis point, which is equivalent to 5.88% MINUS the 5-year LPR interest rate of the current conversion period. This basis point will not change. When the repricing date comes, the 5-year LPR interest rate on the repricing date plus the previous basis point will be used as the new execution interest rate. On September 20, 2020, when the price quoted by LPR is 4.65% for more than five years, the calculation process of converting the mortgage interest rate of 5. 1% into a fixed basis point of LPR is: 5. 1%-4.65%=0.45%. If the five-year LPR becomes 4.60% on the new repricing date, the new interest rate is 4.60%+ 1.23%=5.83%. In addition, it needs to be clear that under normal circumstances, the mortgage interest rate can only be converted once, and it cannot be changed after the conversion. As long as it is determined, the base will not change during the subsequent loan period. Although LPR will change, mortgage is an equal weight pricing cycle. When the repricing date comes, the new interest rate will be calculated according to the new LPR. ←br \8592;