According to Announcement No.30 of the People's Bank of China [20 19], there are two ways to choose stock loans. One is to choose a fixed interest rate directly, and the interest rate level after individual housing loan conversion should be equal to the most outrageous execution interest rate level of the original contract; The second is to choose the form of LPR macro interest rate floating. According to the calculation of "loan market quoted interest rate (LPR) plus floating point", LPR is variable and floating point is constant. According to Announcement No.30 of the People's Bank of China [20 19], the interest rate level remains unchanged before and after the personal mortgage conversion. The interest rate selected according to LPR should be expressed as: LPR+ floating point. According to the LPR of 4.8% in February 20 19, the original 5.88% was converted into LPR of 4.8%+1.08% = 5.88%, and the mortgage interest rate was the same as before the first repricing date. From the first pricing date in Buzhou, the mortgage interest rate will become "the latest LPR+ 1.08%" (that is, if the LPR was 4.65% at that time, the execution interest rate would be 4.65%+1.08% = 5.73%); And so on every future repricing date.
LPR is a variable. Compared with the above methods, since the conversion is based on the benchmark interest rates of 4.8% (more than five years) in 2065438+2009 and 65438+2009, it is obvious that if the LPR is higher than 4.8% in the next five years, you can choose a fixed interest rate (default choice is not to handle it); On the other hand, if it is judged that the future LPR is lower than 4.8%, you can choose to convert it into LPR. LPR was released once a month on April 20th, and the LPR released on April 20th, 2020 was 4.65%, significantly lower than 4.8%.