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after reading the table, how will your mortgage interest rate be adjusted?

2024-09-29

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on the evening of september 29, the policy to reduce existing mortgage interest rates was implemented. the self-regulatory mechanism for market interest rate pricing released the "initiative on batch adjustments to existing mortgage interest rates." the content is clear. in principle, all commercial banks should uniformly implement batch adjustments to the interest rates of existing mortgages (including first, second and above) mortgages before october 31, 2024. for lpr (loan market quotation rate), the increase will be higher than - for existing housing loans of 30 bp, the point mark-up range will be adjusted to no less than -30 bp, and shall not be lower than the lower mark-up point rate for newly issued commercial personal housing loans currently implemented in the city where the city is located.

to put it simply, after this round of batch adjustment of existing mortgage loans, the existing mortgage interest rates of “high-position” home buyers will be reduced to no less than lpr-30bp. on this basis, since different home buyers sign different loan contracts, the corresponding reduction details are different.

in order to facilitate borrowers to clearly understand the adjustment of their mortgage interest rates, china business network has prepared the following tables:

for example, if the borrower's repricing date is may 1 of each year, then the corresponding time in the left column of the table is: february 20, 2025 - july 21, 2025. the borrower's existing mortgage interest rate adjustment is divided into three stages: first, before the batch adjustment on october 31, the borrower's mortgage interest rate is 3.95% + points before adjustment; second, after the batch adjustment on october 31, the interest rate will be adjusted until 2015. on april 30, the borrower's mortgage interest rate was 3.95%-30bp; third, after may 1, 2025, the borrower's mortgage interest rate was lpr-30bp in april 2025.