Property News · September 24, 2019

Will banks raising their Hibor-linked mortgage rates take the heat out of Hong Kong’s property market? Probably not


Four of Hong Kong’s biggest commercial banks have raised their mortgage rates, following this month’s move by HSBC to tighten Hibor caps and drastically cut cash rebates as lingering economic concerns lead to more prudent risk measures.According to local media reports, HSBC raised its Hibor-linked mortgage cap by 25 basis points, from Prime minus 2.75 per cent to P – 2.5 per cent, with the prime rate standing at 5.125 per cent. Hence, even though the prime rate has not changed, the effective…

Source : South China Morning Post
Read more…Will banks raising their Hibor-linked mortgage rates take the heat out of Hong Kong’s property market? Probably not

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