Property News · November 2, 2020

Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout


The Hong Kong Mortgage Corporation (HKMC) has extended a pilot scheme for fixed-rate mortgages by a year, and said interest rates will also be lowered further, as the city faces rising unemployment and a recession amid the coronavirus pandemic.The application period for the Fixed-rate Mortgage Pilot Scheme has been extended until October 30, 2021. The scheme started receiving applications from Monday.This comes as the pandemic continues to adversely affect the local job market. The Hong Kong…

Source : South China Morning Post
Read more…Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout

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