LPR over 5 years drops to 3.95% Experts: It will have a positive impact on the mortgage market. LPR with a maturity of more than 5 years was reduced by 25 basis points.
Industry insiders said that the decline in LPR over five years will further reduce residents’ mortgage interest payments, promote the stable development of the real estate market, and more effectively stimulate the financing needs of enterprises and institutions. The People's Bank of China authorized the National Interbank Funding Center to announce that the loan market quoted interest rate on February 20, 2024 showed that the 1-year LPR was 3.45%.