【#Mortgage interest rates in many places are as low as 2 #,#Guangzhou mortgage interest rate may be lower than provident fund loan interest rate # ] In the morning of October 21, the People's Bank of China authorized the National Interbank Funding Center to announce the October Loan Market Quotation Rate (LPR). The LPR for 1-year period was 3.10%(the previous value was 3.35%), and the LPR for 5-year periods was 3.60%(the previous value was 3.85%), both down 0.25 percentage points from the previous period. It is worth noting that this is the third time that LPR has been reduced this year, and it is also the largest decline.
According to statistics, since the beginning of this year, LPR has dropped by 60 basis points. In addition, the average number of existing mortgage interest rates adjusted by commercial banks on October 25 dropped by about 0.5 percentage points. This year's mortgage interest rate decline may exceed 1 percentage point. After this interest rate cut, mortgage interest rates in many cities will drop to "prefix 2". For example, the interest rate for the first home in Qingdao will be reduced to 2.9%(LPR-70 basis points), the interest rate for the first home in Hangzhou will be reduced to 2.9%(LPR-70 basis points), and the interest rate for the first home in Nanjing will be reduced to 2.7%(LPR-90 basis points). According to Southern Metropolis Daily, after the LPR cut, Guangzhou's mortgage interest rate may reach a new low of 2.6%, even lower than the provident fund loan interest rate.