Which is more cost-effective, lpr interest rate or benchmark interest rate?

It is reported that banks have officially begun to accept the conversion of inventory interest rates. For loan buyers, the lower the housing loan interest rate is, of course, the better, but there are also partners who don't know the LPR interest rate and benchmark interest rate. Next, Jin Toubian Xiao introduced which one is more cost-effective.

LPR releases the latest LPR quotation at 9:30 on 20th of every month, so the current LPR interest rate is updated once a month. LPR quotes by raising the operating interest rate in the open market. To put it simply, 18 bank quotes are the same, and the national interbank lending center calculates the average with the highest price and the lowest price. The benchmark interest rate for central bank loans is still 20 15 10. 1 to 5 years (including 5 years), with an annual interest rate of 4.75%; For more than 5 years, the annual interest rate is 4.90%. Note: The benchmark interest rate is uniformly announced by the central bank and is relatively fixed. It is worth mentioning that there is no unified answer to choose fixed interest rate or LPR floating interest rate. Judging from the current situation, there is not much difference between the two. If the future interest rate falls, the variable interest rate of LPR will become cost-effective, but if the future interest rate tends to rise, the fixed interest rate will change for borrowers.