For the real estate market, the 5-year and above LPR can better reflect the trend of mortgage interest rates. As a benchmark for house loan quotes, the adjustment of the 5-year and above LPR will affect the house loans of homebuyers. If the LPR goes down, it means a decrease in monthly payments, and a decrease in home purchase costs. Yan Yuejin, research director of E-house Research Institute, pointed out that looking at the trend of the 5-year and above LPR, it showed a trend of "breaking 4" in the first quarter of this year, from 4.2% to 3.95%. The current second interest rate cut further guides the decline of house loan and other costs. Considering that LPR has been cumulative reduced by 35BP this year, calculated by house loan of 1 million yuan, 30-year period, and equal principal and interest, it is estimated that the monthly payment pressure after the adjustment will be reduced by about 200 yuan, and the total interest will be reduced by more than 0.07 million yuan. Chen Wenjing, market research director of Zhongzheng Lianhe Research Institute, pointed out that overall, this adjustment of the 5-year and above LPR will further reduce the home purchase cost of buyers, which is conducive to the release of home purchase demand. With the supporting policies of the previous period to stabilize the market and reduce inventory, it will form a synergy to further repair core city market sentiment.