Because the interest rate of your loan at that time was fixed within the fixed loan term, and the national standard interest rate was used. Unless the central bank's benchmark interest rate is lowered, the mortgage interest rate will be lowered, but the central bank's benchmark interest rate will generally not be lowered.
The benchmark LPR of 202 1 loan interest rate is 4.65%.
In 2022, the benchmark interest rate LPR of the loan interest rate dropped to 4.60%.
The benchmark interest rate of the first home loan on May 15, 2022 is 4.60%-0.20%=4.4%.
Basically, it can be said that the interest rate of the first home mortgage dropped 1.5% on average. The interest rate of the first home is LPR-20bp(LPR 1 year is 3.85%, and LPR is 4.6% for more than 5 years), which means that the interest rate of the first-hand home mortgage can be adjusted to 4.45%, and it is not limited to regions, and the signal is strong. In fact, it is a "structural interest rate cut".
According to this latest notice, the mortgage interest rate of the first home loan can be as low as 4.4%, which was generally above 6% last year!
I believe many friends are concerned about this issue: compared with the current mortgage interest rate, the mortgage interest rates in 202 1 and 2020 are really too high, which are 5.88% and 6. 15% respectively. Now the lowest interest rate for buying a house is the benchmark interest rate of 4.4%. You must want to know how to lower the interest rate.
First, when you buy a house, the loan contract, in fact, the interest rate will not change. If you sign the LPR, if the central bank's benchmark interest rate changes, the mortgage interest rate will also change.
However, the current mortgage interest rate cut is not the benchmark interest rate of the central bank. The benchmark interest rate of the central bank has not changed, and the floating interest rate of bank mortgage has changed, and the floating range has decreased. Therefore, the interest rate of 4.4% for buying a house now is aimed at the people who buy a house now, not at those who have applied for a mortgage before and have already borrowed money.
Of course, if you feel that your mortgage interest rate is high and now your mortgage interest rate is low, you will suffer a lot. Is there any solution? There must be a solution, depending on everyone's specific situation, which does not apply to everyone.
For example, if you buy a house on 20 19, the mortgage interest rate is 5.88%, and the loan is10 million. Now you have got the household registration book. In this case, you have the possibility of reducing the mortgage interest rate by 50%, and you must get the house book to reduce the interest rate. The next day, considering the housing price problem in residential areas, in 2022, housing prices will fall again. First, you should check the house price. In 20 19, you borrowed10 million yuan. Now you go to the bank, and the bank may lend you 800 thousand. When you pay off your mortgage for two years, you can pay back at most 50 thousand principal, and the rest is interest.
In other words, you have to settle the previous 950 thousand mortgage and convert it into 800 thousand low-interest loan. Moreover, people who generally buy a house will choose to repay the principal and interest in 30 years, instead of choosing friends who do business. Most of them choose to pay interest first. This has created a problem, many banks do not support the 30-year equal principal and interest of house mortgage. Therefore, this problem comes again, and we should be cautious in refinancing.
In addition, it is also a way to transfer commercial loans to provident fund loans. This condition is harsh and may not be suitable for all property buyers. On the one hand, property buyers are required to have provident fund loans, and on the other hand, local cities have also turned their business into corporate business. If you meet the requirements, you can convert commercial loans into provident fund loans, which can save a lot of interest expenses.