Major banks strengthen mortgage cash rebate policy

Wang Meifeng, managing director of Centaline Mortgage, said that adjustments to mortgage policies by large banks will have a significant impact on the market. She pointed out that the actions of these banks may trigger other banks to follow suit and further tighten mortgage conditions, resulting in higher funding costs for home buyers.

Wang Meifeng pointed out that as interest rates continue to rise, the cost pressure on mortgage loans is also gradually increasing. As a result, many banks may consider cutting incentives such as mortgage cash rebates to cope with rising funding costs.

Bank adjustment policies affect the market

The adjustments made by major banks will have a profound impact on the entire real estate market. Wang Meifeng believes that this will prompt other banks to re-evaluate their mortgage policies and may adopt a more conservative attitude and further strengthen the review of loan applicants.

Rising capital costs lead to increased loan pressure

As interest rates continue to rise, banks' funding costs are also gradually rising. This will have a direct impact on mortgage loans, making borrowers face higher repayment pressure. Therefore, many banks may adjust their policies to cope with this change.

Mortgage cash rebates may be reduced

Wang Meifeng pointed out that in order to cope with the rise in capital costs, many banks may consider cutting mortgage cash rebates and other preferential measures. This will reduce the benefits that home buyers can get during the loan process and increase the cost pressure of purchasing a home.

Market trends may be affected

Adjustments to bank mortgage policies will have a certain impact on market trends. As the cost of funds rises, the real estate market may undergo a certain degree of adjustment, and both buyers and sellers need to respond to this change more cautiously.