Mortgage lending rates rose in Hong Kong on Tuesday, as the city’s main benchmark lending rate hit a nine-year high amid strong demand for Hong Kong dollars.
One-month interbank rates in Hong Kong rose to 0.9611 per cent, up from roughly 0.367 per cent in June.
More than 95 per cent mortgages in Hong Kong are linked to Hibor, according to data from mortgage brokerage mReferral.
The city’s largest banks offer mortgages for new customers at Hibor plus 1.4 percentage points,…
Source : South China Morning Post
Read more…Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates
