If the contract stipulates quarterly repricing, the loan interest rate will change with the quarterly adjustment of LPR; If the contract stipulates annual re-pricing, and the contract signing date or loan issuance date is the corresponding date, the loan interest rate will change with the LPR adjustment of the corresponding date; If the annual repricing date is 65438+ 10/month 1, the loan interest rate will change with the annual LPR adjustment on that day.
What is the impact of reducing lpr on existing mortgages?
1, the monthly supply of all buyers is lowered.
According to the latest news released by the People's Bank of China on October 20th, 65438, it shows that the lpr over five years is 4.6%, while the lpr over five years is mainly aimed at mortgage loans, which will reduce the monthly mortgage payment of the late buyers, because the LPR adjusted every month in China is the loan interest rate implemented by commercial banks for their best customers, and other loan interest rates can be generated by adding or subtracting points on this basis. If the monthly payment is reduced,
2. The reduction of mortgage interest rate will gradually expand.
The 5-year LPR is lowered for the first time in 20 months, so the national bonus item will be lowered faster. The final result is that the interest rate in first-and second-tier cities is expected to be lowered to 5%-5.5%, and that in third-and fourth-tier cities is expected to be lowered to around 4%. The specific downward adjustment is related to the bonus coefficient of each city, and ultimately depends on the stimulating effect of interest rates on housing prices.
3. House prices will rebound in some cities.
The five-year lpr reduction will stimulate those who just need to buy houses, and then house prices in some cities will rebound. Among them, house prices in first-and second-tier cities may rise, and house prices in third-and fourth-tier cities may be weak. In short, the five-year lpr reduction has played a key role in the steady growth of the property market.
How to calculate the interest rate after converting into LPR?
If the pricing method of mortgage interest rate is converted to LPR as the pricing benchmark, the mortgage interest rate is calculated as follows: mortgage interest rate = LPR basis point.
We should note that LPR will be re-priced every month. For example, the quotation on May 20th is: the LPR of 1 year is 3.85%, and the LPR of more than 5 years is 4.65%.
Suppose a customer applies for a mortgage, and the mortgage interest rate stipulated by the loan handling bank is LPR plus 95 basis points, then the mortgage interest rate handled by the customer is: 4.65%+0.95% (one basis point is equal to 0.0 1%)=5.6%.
After the loan contract is signed, the basis point of the subsequent loan period remains unchanged, and the customer's mortgage interest rate mainly changes according to the change of LPR.
However, after the customer signs the mortgage contract, the mortgage interest rate will not change every month like LPR. Because the mortgage will have a re-pricing cycle, which is basically more than one year. Therefore, the mortgage interest rate is calculated according to the new LPR when a repricing cycle passes and the repricing date comes, and most of them change every year.