Is it cost-effective for ICBC to convert mortgage into lpr?
First of all, ICBC has two options for mortgage interest rate conversion. One is to convert the interest rate pricing method agreed in the original contract into a fixed interest rate based on the corresponding term LPR (the increase point can be negative).
If you choose to convert to lpr, I don't know whether it is cost-effective, mainly depending on the change of lpr interest rate. However, the economy has a cycle of operation, and the interest rate of lpr cannot always rise or fall, so the long-term change of lpr is unpredictable. But what we can know is that if the lpr interest rate is lowered, we can enjoy the dividend of interest rate reduction, and if the lpr interest rate is raised, the repayment amount will increase.
If you want to pay attention to the recent changes of lpr, you can log in to official website (www.shibor.org), the National Inter-bank Funding Center, or log in to official website (www.pbc.gov.cn), the People's Bank of China, and inquire in the column of loan market quotation (LPR) on the right side of the page.
In short, there is no definite answer as to whether it is cost-effective for ICBC to convert its mortgage to lpr. It is recommended to make a choice according to your actual situation.