The reduction of rebates by major banks in the Hong Kong property market does not affect the willingness to enter the market – Yahoo Finance

According to market rumors, large banks are planning to reduce rebates, but this will not affect people's desire to enter the market. Although interbank interest rates have been hovering above 4%, interbank interest rates have continued to remain at relatively high levels.

Bank interest rates remain at high levels

Currently, bank interest rates exceed the general new mortgage interest rate of 4.125%, but banks have not adjusted the prime interest rate, which has resulted in the cost of funds for mortgage business remaining high.

Capital costs remain high

According to estimates, without banks adjusting their prime interest rates, the cost of funding for the mortgage business has remained high. This may have some impact on people who want to enter the market.

market reaction

Although major banks plan to cut rebates, the market has not reacted much to this. People's desire to enter the market has not been greatly affected, and they still maintain a certain degree of enthusiasm.

in conclusion

In general, although bank interest rates continue to be at high levels, the reduction of rebates by large banks is expected to have a limited impact on market sentiment. People still maintain a certain level of enthusiasm, and the market has not reacted too much.