The interest rate of bank mortgage is based on the benchmark interest rate of the central bank, and different banks have the right to float interest rates or discount interest rates, combined with the comprehensive evaluation of the lender's personal credit information and repayment ability.

The most authoritative inquiry institution of mortgage interest rate is the central bank, but in the actual loan process, the policies and regulations of specific lending banks shall prevail. At present, the benchmark mortgage interest rate is 2,065,438+65,438+in 20051after October 23rd, and the interest rate for loans over five years is 4.90%.

The benchmark interest rate is a universal reference interest rate in the financial market, and other interest rate levels or financial asset prices can be determined according to this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the condition of interest rate marketization, financiers need a universally recognized benchmark interest rate level as a reference to measure financing costs, investors calculate investment returns and management's macro-control. Therefore, in a sense, the benchmark interest rate is the core of the formation of interest rate marketization mechanism.