HSBC, Hong Kong’s biggest lender, will stop offering its fixed-rate mortgage plan on Thursday, a week after the US Federal Reserve raised its key interest rate by 25 basis points.
The move comes at a time of fierce competition between banks in Hong Kong to attract mortgage customers. The number of fixed-rates home loans being approved has increased as buyers seek some protection from the possibility of future central-bank rate increases.
Although popular with homebuyers at times of rising…
Source : South China Morning Post
Read more…HSBC ends fixed-rate mortgage in Hong Kong a week after Fed’s rate rise















