Zhongyuan Wang Meifeng comments on major banks reducing mortgage cash rebates! Instructions for mortgage users to attend meetings

Large banks have reduced mortgage cash rebates. Wang Meifeng, managing director of Centaline Mortgage, pointed out that interest rates continue to be higher than mortgage rates. Large banks have successively reduced rebates to save capital costs, and it is expected that more banks will follow suit. Instructions for mortgage users.

Banks reduce mortgage cash rebates

According to Wang Meifeng’s observation, large banks are gradually reducing the scope of mortgage cash rebates. This means that mortgage users will face higher funding costs and need to plan their finances more carefully.

Interest rates continue to be higher than mortgage rates

Wang Meifeng further pointed out that the current market situation is that interest rates continue to be higher than mortgage rates, which makes banks face higher capital cost pressures. As a result, major banks are reducing mortgage cash rebates in order to save costs.

Careful financial planning is required

For mortgage users, this means they need to plan their finances more carefully. They should consider other ways to save costs and ensure they have sufficient funds to cope with future financial stresses.

Market changes will continue

According to Wang Meifeng’s prediction, the reduction of mortgage cash rebates by major banks is only the beginning of market changes, and more banks may follow this approach in the future. Therefore, mortgage users should pay close attention to market dynamics and adjust their financial strategies in a timely manner.