The People's Bank of China authorized the National Interbank Funding Center to announce the latest loan market quoted interest rate (LPR) 1-year LPR was 3.45%, the same as the previous value; 5-year and above LPR is 3.95%, 25% lower than previous value. As an "unexpected" adjustment after 6 months, experts pointed out that this LPR quotation will drive down personal mortgage interest rates and monthly payments.

Taking a 30-year equal principal and interest repayment of 1 million yuan as an example, the accumulated monthly payment for 30 years will be 52,000 yuan less.