First of all, it depends on whether the LPR floating interest rate is selected when signing the mortgage contract. If the floating interest rate of LPR is implemented, the mortgage interest rate will be adjusted with the change of LPR. If the mortgage interest rate is lowered, the user's mortgage interest rate will be lowered accordingly.
Secondly, even if the LPR floating interest rate is implemented, it depends on whether it is the repricing date of mortgage interest rate. Generally speaking, after LPR adjustment, the user's mortgage interest rate will be adjusted on the next interest rate repricing date. If the lowered mortgage interest rate happens to catch up with the interest rate repricing date, then the mortgage interest rate will be lowered accordingly.
In addition, it depends on what kind of loan you are applying for. If you apply for a commercial loan and implement the LPR floating interest rate, the mortgage interest rate may be lowered. If you apply for provident fund loans, because the interest rate of provident fund loans is fixed, the reduction of LPR will not affect the interest rate of provident fund loans.
Finally, it depends on whether the mortgage contract is signed or in the application process. If the mortgage contract has not been signed, the mortgage interest rate can be set to the reduced interest rate during the application process. If a mortgage contract has been signed, the mortgage interest rate is generally implemented according to the interest rate agreed in the original contract, unless the interest rate is adjusted on the repricing date.
In short, the downward adjustment of mortgage interest rate and whether the buyers who have already borrowed money participate in the downward adjustment are related to factors such as whether to implement LPR, whether to reach the interest rate repricing date, what kind of loan to apply for, and whether to sign a mortgage contract. But in any case, lowering the mortgage interest rate is good news for buyers, which can reduce the repayment pressure.