Star Valley Bank's mortgage rebate reduction will have little impact on the property market

It is rumored that large banks have cut mortgage cash rebates to zero and tightened approvals. Zhuang Jinhui, CEO of Star Valley Mortgage Referral, said that the mortgage rebates of large banks have now been "zeroed" or close to zero. As for some small and medium-sized banks...

Banks' reduction in mortgage rebates will have little impact on property market

According to market rumors, some large banks are planning to cut mortgage cash rebates to zero, a move that may have some impact on the property market. However, Star Valley Mortgage Referral CEO Zhuang Jinhui pointed out that the impact of these measures on the overall property market will not be too great.

Big bank rebates are close to zero

Zhuang Jinhui further explained that the current mortgage rebates of large banks are close to zero or have been cleared. This means that even if mortgage rebates are further reduced, the impact on the property market will be very limited.

Small and medium-sized banks may be affected

Although the actions of large banks have limited impact on the property market, small and medium-sized banks may be affected to some extent. These banks may need to readjust their mortgage policies in response to market changes.

• Measures taken by large banks will have limited impact on the overall property market
• Small and medium-sized banks may need to readjust mortgage policies
• The property market is still affected by multiple factors, bank policy is just one of them

Taking multiple factors into consideration

Taken together, the performance of the property market is affected by multiple factors, including policies, economic environment, market supply and demand, etc. The bank's mortgage policy is only one of them and has limited impact on the overall property market.