Mortgage interest rate will be adjusted. How to save money by repayment?

"It's still in the fog, and the account manager said that he hasn't received the notice to change it." On February 27th, Ms. Zhou from Beijing told the Beijing News reporter that it was only two days since the stock mortgage began to "change the anchor".

According to the announcement of the central bank at the end of last year, since March this year 1, the existing mortgage interest rate has been readjusted, and customers with existing floating interest rate loans can have two choices: fixed interest rate or adjustment with LPR. In principle, the conversion work should be completed before the end of August this year.

However, the reporter consulted more than 10 bank branches in Beijing, Shanghai, Guangzhou, Chongqing, Tianjin, Xi' an and other places one week before the anchor change. Only the loan officer of an ICBC in Shanghai clearly stated that the relevant system was launched on March 65, 438+0, and all other bank branches said that they had not received the notice. Some interviewees said that the work was delayed due to the epidemic, but users need not worry. Users will be informed as soon as the plan is released.

When will the mortgage interest rate be adjusted?

A number of banks said that they had not received the notice, and some banks said that they could handle it by mobile phone from March 1.

From February 24th to February 27th, the Beijing News reporter consulted branches of different banks in Beijing and Shanghai, including ICBC, China Construction Bank, Agricultural Bank, China Bank, China Merchants Bank, Zheshang Bank, Industrial Bank, China Everbright Bank and Bohai Bank. Most banks said that they have not received the specific operation notice.

A credit officer of a branch of Agricultural Bank of China in Beijing said that at present, the bank has not received specific notice on how to adjust the existing mortgage interest rate. "Whether it is system adjustment or manual adjustment or how to re-sign the contract is still unknown." She told reporters that the sub-branch has more than 1 10,000 mortgage customers. "There is no need to worry now. Once the plan is determined, the account manager will inform the customer in time. "

A credit officer of China Bank Guangzhou Branch said that according to the notice of the central bank, the adjustment was originally started in March, but it was postponed due to the epidemic. It is not clear when it will start. After adjustment, it can be operated through mobile banking.

Among the many bank branches in Liudi 10 consulted by the reporter, only the credit staff of an ICBC branch in Shanghai clearly stated that during the period from March/KLOC-0 to August/83/KLOC-0, customers who had applied for mortgage in the bank could change the interest rate through mobile banking. If they don't do this, they will keep the current interest rate and won't change it again.

What if I miss the time?

The bank account manager will contact and pay attention to SMS notification.

As for whether the customer will miss the notice and fail to adjust within the specified time, many bankers said that there is no need to worry: the bank account manager will definitely contact the customer and do a good job of explanation, and the customer should also pay attention to the SMS notification or announcement of official platforms such as mobile banking, online banking and bank WeChat official account.

It is worth mentioning that according to the previous announcement of the central bank, the conversion time is from March 1 to August 3 1, but the actual implementation time starts from 202 1. Bankers said that the mortgage interest rate of existing users is still 20 19 this year, and repayment is made according to the current repayment agreement.

Which scheme is the most economical?

If you choose to hook LPR, it is expected that the monthly supply will decrease.

Choose the same one, or choose one of the new schemes, which is more suitable? According to the announcement of the central bank, there are two new schemes, one is a fixed interest rate, and the other is based on the LPR quotation in February 20 19 and the original interest rate level, and users have only one choice.

Some bank employees explained this policy in a popular way, saying that the price quoted by LPR 2065438+in February 2009 was 4.8%. If the interest rate previously applied by users is 4. 165% (enjoy preferential treatment), the conversion pricing can be reduced by 0.635 percentage points. In the future, LPR will continue to be adjusted, and the mortgage interest rate will continue to be adjusted according to the fixed price difference of "LPR-0.635 percentage points". The fixed interest rate scheme is also formulated by the bank directly for individuals, which can continue the previous interest rate.

Since the reform of the new formation mechanism of LPR in August, 20 19, there have been seven quotations, of which the LPR with a term of more than five years corresponding to most mortgage terms has been "lowered" twice, once in June, once in last year's 1 1 and once in February this year, both of which have been lowered by 5 basis points, and the monthly mortgage payment of one million yuan can be lowered each time.

"LPR is updated once a month on the 20th, which is closer to the market, but it does not mean that the mortgage interest rate will change every month after choosing this scheme." According to the above-mentioned person from Guangzhou Branch of Bank of China, the minimum unit of mortgage repricing cycle is year, that is, it is adjusted once every 1 year. Assuming that 65438+ 10/0/is chosen as the repricing date every year, we should pay attention to the LPR quotation of 65438+February 20 of the previous year and decide the monthly supply for the next year.

Is there room for decline in the future?

The decline of LPR is limited, and it will not always fall or rise.

One factor that affects LPR quotation is the bank's capital cost. On New Year's Day this year, the central bank announced that the RRR would be lowered by 0.5 percentage point, further lowering the bank's capital cost. Affected by the epidemic, many people in the industry expect that monetary policy will remain loose in the first quarter, and RRR may still be lowered. In addition, there are some tools in the central bank's monetary policy toolbox related to the cost of obtaining funds by banks, such as MLF (medium-term lending facility) operation. Before the latest LPR quotation, MLF also "reduced the price".

The epidemic situation has a catalytic effect on the downward adjustment of LPR quotation. It should be noted that LPR with a term of more than 5 years is not only the pricing benchmark for individual housing mortgage loans, but also the pricing benchmark for medium and long-term loans of enterprises. Color, chief economist of Founder Securities, said that with the orderly progress of enterprises' resumption of work and production, the medium and long-term credit demand has gradually increased, and LPR needs to reduce credit demand to support the real economy for more than five years.

However, in the medium and long term, the speed and degree of LPR decline remains to be seen. In the latest monetary policy implementation report, the central bank emphasized that houses are used for living, not for speculation. It is necessary to speed up the establishment of a long-term management mechanism for real estate finance in accordance with the basic principle of "policy for the city" and not to use real estate as a short-term stimulus to the economy.

Guo Shiying said that in the medium and long term, because the difference between the positive and negative points of LPR and the fixed interest rate scheme is not expected to be too big, LPR will not keep falling or rising. As far as the current situation is concerned, the medium and long-term market interest rate is likely to decline slightly, and you can enjoy the benefits of interest rate decline together with LPR, but its decline is limited.

"I won't promise the customer that LPR will definitely drop, how much will it drop, or the customer will choose the solution." A bank loan officer said.

What effect does the interest rate conversion have on people who need to change houses or want to repay in advance? Guo Shiying believes that at present, it has little impact on people who need to change houses. At present, the LPR downward superposition policy is relatively loose, which is good for the overall demand for home ownership. Zhang Dawei, chief analyst of Zhongyuan Real Estate, told reporters that according to the tradition of China people, most of them are willing to shorten the repayment period. But there are idle funds for prepayment. If there are other investment channels with higher returns, it is not appropriate to repay in advance. If there is no investment channel, early repayment is appropriate.