Now, more and more people apply for loans. Many property buyers will also pay attention to the loan interest rate after applying for a loan. Then, will the loan interest rate change before the bank interest rate drops?

Will the loan interest rate change before the interest rate falls?

The original mortgage interest rate will not drop when the interest rate drops, because the drop in interest rate means that the LPR of the latest quotation has dropped. The bank's mortgage interest rate is adjusted according to the latest LPR quotation, which is published once a month, while the mortgage interest rate of successful borrowers is not adjusted every month, but once a year. Therefore, the change of bank mortgage interest rate mainly affects new buyers, but has little effect on those who have already gone through the loan procedures, because the mortgage interest rate is unlikely to decrease accordingly.

Will the house price rise if the interest rate of the first home mortgage is lowered?

Lower interest rates will raise house prices. Because after the interest rate is lowered, most buyers will consider buying real estate. For example, in Suzhou and Nanjing, before the interest rate was lowered, the bank mortgage interest rate had dropped to 4.6%, which was close to the lower limit of interest rate, indicating that the local desire to stimulate the housing market was more urgent, and it was possible to continue to drop to 4.4%. If the mortgage is 1 10,000, and the principal and interest are equal for 30 years, the interest rate will be reduced from 4.6% to 4.4%-the monthly mortgage is less 1 18.83 yuan; The total interest is 42,780.45 yuan less.

That's all. I hope it helps you.