The full name of LPR (loan preferential interest rate), right? Preferential interest rate for loans? LPR is the best interest rate for loans, which changes every month, so loans are priced with LPR plus points, which means floating interest rates. If you want to know the mortgage interest rate, you must first know LPR. When calculating mortgage interest rate, it is usually calculated by LPR. First of all, the central bank sets the benchmark interest rate for commercial banks, and commercial banks float on the basis of the benchmark interest rate, the bank's quota, the customer's credit and risk, and then this data is the specific loan interest rate. ? How is it different from the previous mortgage?

? Before applying for a mortgage, the interest rate will be based on the benchmark loan interest rate issued by the central bank; However, the People's Bank of China issued an announcement in February, 20 19, stipulating that from March, 2020 1, the interest rate pricing method will be changed to the loan market quotation (lpr) as the pricing benchmark, and then the mortgage will be applied, and the interest rate will no longer be based on the benchmark interest rate issued by the central bank. ? Choice? LPR+ points? Interest rate, the mortgage interest rate of loan customers can go up or down, and the monthly payment may also become more or less. Whether the mortgage interest rate will rise or fall after 202 1 depends entirely on the change of the new benchmark LPR. In fact, if it is in the upward cycle of interest rates, it will be more favorable to switch to fixed interest rates; If it is a downward cycle of interest rates, it is more cost-effective to convert it into a floating interest rate. After choosing a fixed interest rate, it is to maintain the current interest rate level unchanged and is not affected by the change of LPR interest rate. Fixed interest rates are fixed for a long time, so you can't enjoy dividends when interest rates go down, but you can also avoid rising costs when interest rates go up.