According to Cai Xi's survey. Com, 1 October 20, the loan market quoted interest rate (LPR) is:1year LPR is 4. 15%, and the LPR over five years is 4.80%, which are the same as the previous period. The loan market quotation (LPR) is quoted by each quotation bank plus the open market operating rate (mainly referring to the medium-term lending convenience rate), and is calculated by the National Interbank Funding Center, which provides pricing reference for bank loans.

The loan interest rate is determined with reference to the LPR with a term of more than five years. If you apply for a 20-year mortgage, plus 100 basis point, the loan interest rate is 5.6%. LPR will be recalculated and published once a month, so the mortgage interest rate linked to LPR is floating interest rate. Although LPR will be recalculated every month, it does not mean that it will change every month, and it is relatively stable most of the time.