More Hong Kong homebuyers are expected to shift to cheaper mortgages linked with the Hong Kong one-month interbank offered interest rate (Hibor) after all of the city’s major commercial banks said they would not cut their prime lending rates any further, according to analysts.The city has two major types of home loans – one priced according to banks’ prime lending rates, the other according to the Hibor. “It is natural that more new home loan borrowers will turn to Hibor-linked mortgages and…
Source : South China Morning Post
Read more…More Hong Kong homebuyers expected to switch to cheaper Hibor-linked mortgages after banks refuse to cut prime lending rates















