Reported 24 days ago
As economic prospects in China decline, many homeowners are choosing to pay off their mortgages ahead of schedule to save on interest costs. With mortgage rates decreasing and a challenging property market leading to falling home prices, homeowners like Li Wen from Nanchang have opted to pay down loans rather than deposit money in banks, which offer lower returns. Despite recent rate cuts, analysts remain skeptical about the long-term impacts on the property market as demand continues to be constrained.
Source: YAHOO