Star Valley Chong Kam-fai: Some major banks have raised mortgage cash rebates to 1.5% to compete for next year's market share

Some large local banks have recently adjusted their mortgage offers, raising cash rebates to a maximum of 1.5%. Star Valley Mortgage Intermediary chief executive Chong Kam-fai said the attached condition is that the mortgage loan must be drawn down next year, reflecting that major banks are laying out their plans early to compete for next year's mortgage market share.