On January 3rd, January 1st every year is an important “repricing day” for many existing housing loans. Industry insiders generally believe that with the implementation of a moderately loose monetary policy in 2025, there is still room for a downward trend in mortgage interest rates. After the official reduction of self owned mortgage interest rates last year, many homebuyers have slowed down their pace of “early repayment”. A personal loan manager from a bank stated that since the second half of last year, the situation of early repayment has improved, especially after the reduction of interest rates for existing housing loans, the amount of early repayment per month has further decreased. At the same time, the reduction of interest rates for existing mortgage loans will help reduce the arbitrage space for operating loans and lower the risk of illegal use of operating loans. Some homebuyers also told reporters that further reductions in mortgage interest rates will temporarily delay their plans to repay early, and may use the saved funds for financial management or investment, but still hope that mortgage interest rates can continue to decrease. (Securities Times)
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