At the press conference held by the People's Bank of China in the first quarter of 2023, Zou Lan, director of the Financial Industry Department of the People's Bank of China, pointed out that the mortgage interest rate of financial institutions has mainly declined recently. After March, due to the weakening market demand, financial institutions in more than 0/00 cities in China have lowered the interest rate of housing loans independently according to market changes and their own production and operation conditions, with an average fluctuation range of 20 to 60 basis points.

The interest rate of housing loan is floating or fixed.

Mortgage is a floating interest rate.

The bank mortgage interest rate is calculated according to the floating interest rate. After the adjustment of bank mortgage interest rate, the overall level of loan interest rate is also adjusted. Naturally, no matter how it is calculated, it will not affect the interest on the repaid loan. It has a direct impact on the adjusted loan interest.

The housing loan interest rate is 4.9. Why does it cost 5.8 to buy a house?

Because 4.9 is LPR (central bank benchmark interest rate), the mortgage interest rate is LPR+ benchmark. After adding the benchmark, the user's final mortgage interest rate is 5.8. If the latest interest rate of the Bank of China is 4.9%, China Commercial Bank will definitely float on the benchmark interest rate of the central bank. It is usually necessary to add a benchmark to adjust. The benchmark interest rate of the central bank will be 1. 1 times and 1.2 times, which is rarely implemented according to 4.9%, so the interest rate for buying a house will be 5.8%.