The increase of mortgage may be due to the adjustment of interest rate, and the current mortgage interest rate is not static. Since the promotion of LPR, the mortgage interest rate will change every year on the re-pricing day, which may be downward or upward. Under normal circumstances, the adjusted proportion will not be too much, and the impact on the overall interests will not be particularly great, but it will be more intuitive if it rises every year.

What does LPR mean?

The full name of LPR is LoanPrimeRat, which means preferential interest rate for loans. Refers to the loan interest rate executed by financial institutions to their best customers. Other loan interest rates can be determined based on the borrower's credit situation, taking into account factors such as mortgage, term, floating mode and type of interest rate, and adding or subtracting points on the basis of preferential loan interest rate. At present, the preferential interest rate of 1 year loan has been announced to the public.

Does the increase in mortgage interest rate have an impact on buyers?

1. Buyers who have lent money and started to repay the loan. For buyers who have already borrowed money, the fluctuation of loan interest rate is not affected. However, it should be noted that the loan interest rate of such buyers is affected by the benchmark interest rate. If the benchmark interest rate changes, the loan interest rate will also change.

2. The loan has been reviewed, but there is no change in the interest rate of the buyer of the loan. For buyers whose loans have been audited, but there is no loan, under normal circumstances, interest rate fluctuations will not be affected by banks. But after all, the bank has not lent money, and everything may change. Banks require interest rates to rise, and buyers can do nothing about it. Therefore, as long as the bank has not lent money, buyers will be uneasy.

3. Interest rate changes of buyers whose loan applications have been submitted but have not been reviewed or are under review. Property buyers whose loan applications have been submitted but have not been reviewed or are being reviewed are most affected by interest rates. The final loan interest rate of such buyers may rise by 10%, or they may enjoy discounts of 95%, 10 and 15. However, according to the current lending situation of banks, for those with good qualifications and no flaws, the benchmark interest rate is basically implemented; If the qualifications are not very good, such as tainted credit and insufficient income, it is likely that the interest rate will rise 10% or even 20%.