The mortgage interest rate is 5.88%, which is 20% higher than the benchmark interest rate of 4.9%. This kind of loan interest rate generally appears when applying for the first home loan or the second home loan, so the mortgage interest rate of 5.88 is normal. Most commercial banks implement the floating policy of mortgage interest rate, and the actual loan interest rate is related to the lender's credit qualification, repayment ability and debt situation.

Extended data:

Current benchmark interest rate, current preferential interest rate and preferential interest rate before benchmark interest rate adjustment.

10 fixed rate loan 8.613% 6.930% 7.953% 7.099%

20-year fixed-rate loan 8.811%7.580% 8.121%7.246%

Five-year floating rate loan 5.760% 4.032% 5.918% 4.204%

30-year floating rate loan 5.940% 4.158% 6.098% 4.350%

Mixed interest rate loan with fixed term of 3 years 7.200% 6.120% 8.045438+0% 7.069%

Mixed interest rate loans with a fixed term of 5 years 7.290% 6.660% 8.121%

Baidu encyclopedia-mortgage interest rate