The 5 -year LPR has dropped today. Will my mortgage fall?Interpretation is here-

Compared with the previous LPR offer, the 1 -year LPR and LPR more than 5 -year LPR have been lowered, respectively, respectively 5 basis points and 15 basis points. Earlier, on May 20, the 5 -year LPR ushered in the maximum decline, and the 5 -year LPR downgraded 15 basis points in the 5th year to 4.45%; the 1 -year LPR was flat with the previous month's quotation at 3.70%.

In August 2019, the central bank implemented a new policy of mortgage interest rates. The interest rate of commercial personal housing loans was formed with the bidding benchmark for the bidding benchmark. Therefore, the latest issue of LPR announced on the 20th of each month (the weekend is postponed to the working day) determines the basic interest rate of the mortgage and is also directly related to the monthly supply of the mortgage family.

What does the LPR speculation mean for Beijing home buyers? The reporter learned that the current mortgage interest rate of the Bank of Beijing's Bank is the first set of housing loan interest rates plus 55 basis points, and the two -set commercial loan plus 105 basis points. After this adjustment, Beijing's first personal housing loan interest rate was 4.85%, and the two sets of mortgages were 5.35%. Based on a citizen as the first home loan of 1 million yuan and 20 years of calculation, the monthly repayment amount is about 6,516 yuan, which is 83 yuan less than 6599 yuan a month before the adjustment.

On May 15th, the notice issued by the People's Bank of China and the Banking Insurance Regulatory Commission made clear that the lower limit of the first set of housing commercial personal housing loan interest rates was adjusted to not less than 20 basis points, which means that after this adjustment, the lowest interest rate of the first home loan can be at the lowest. To 4.1%.

However, whether the mortgage family who is repaying the loan repay can enjoy the "red envelope" of the interest rate cut policy, it depends on whether the conversion of LPR was chosen at that time. For those who already have mortgages, they need to consider the re -pricing cycle and redo -price date. The monthly supply of the monthly monthly supply is changed. Most banks are adjusted from January in the new year. Assume that the redemption cycle agreed in the buyer and the bank is 1 year, and the redirect price date is January 1st each year. The 5 -year LPR downgrade this month will not affect the amount of mortgage repayment this month.

As of now, LPR has been lowered 3 times this year, and a total of 35 basis points have been reduced. Except for 5 basis points in January, 15 basis points were reduced in May and this month. If you choose to redefine the interest rate on January 1st every year, the mortgage interest rate will be reduced by at least 0.35 percentage points in January next year. In January 2023, many people's mortgages will usher in a new round of adjustment cycle.

However, for the abandonment of LPR at the time, but a fixed interest rate was selected, the mortgage interest rate had nothing to do with the adjustment of LPR, and the mortgage would not change.

In response to the specific situation of the three types of home buying groups, Yan Yuejin, research director of the Think Tank Center of the Easy House Research Institute, said:

First, the group buying a house over the past few years. The situation faced by such groups is that they believe that the mortgage interest rate is too high, so they want to repay the loan in advance. By New Year's Day next year, such home buyers can also enjoy a discount on interest decline. In other words, buyers can be a little restless, and they can also enjoy the benefits brought by the multiple interest rate cuts this year. There is no need to repay the loan in advance.

2. Group buying a house this year. The group buying a house this year has enjoyed the benefits brought by interest rate cuts. Earlier in May, the central bank's interest rate cuts, including the low limit of the mortgage interest rate, and the bank's interest rate reduction, etc. Some buyers have enjoyed a low interest rate of 4.25%. Their doubt is whether the interest drop on August 22 can still be enjoyed. This type of home buyer's mortgage also belongs to the stock loan. If the loan has not been approved, then you can also take the interest rate cut "express" to enjoy the discount. If you have already begun loan, then follow the 15th basis after New Year's Day next year. This shows that new home buyers do not have to be annoyed why they are not buying later. Such buyers can also enjoy such preferential policies. It does not affect buying for several months early.

Third, the group planned to buy a house in the second half of this year. For such groups, the current buying house is supported and encouraged. The financial policy of buying a house is very friendly and loose. The "window period" of the house purchase has been opened. The housing loan interest rate drops and drops, and new property market policies launched by the stack of down payment ratios, and the price reduction of housing enterprises, etc., objectively make the cost -effectiveness of buying houses further increased. When obtaining low interest rate mortgages, he suggested that such home buyers can appropriately ask if the minimum interest rate is conditional, how to lend the speed of the loan, how to cooperate with the real estate situation, and seize the best for "reducing house prices, reducing the first payment, and increasing interest". period.

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