{"id":116497,"date":"2020-05-19T11:00:11","date_gmt":"2020-05-19T04:00:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/"},"modified":"2020-05-19T11:14:28","modified_gmt":"2020-05-19T04:14:28","slug":"which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/","title":{"rendered":"Which mortgage rate will be a lifesaver for Hong Kong homeowners?"},"content":{"rendered":"


\n\u00a0The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years, with rates fixed at 2.55 per cent, 2.65 per cent and 2.75 per cent, respectively. The maximum loan amount caps at HK$10 million (US$1.3 million). At the end of the fixed-rate period, the borrower may either re-fix the mortgage rate under the scheme, or convert to a floating-rate loan, which is equivalent to the prime rate minus 2.3 per cent. With the current prime\u2026
\n
\nSource : South China Morning Post
\nRead more…Which mortgage rate will be a lifesaver for Hong Kong homeowners?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116497","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uiZ","jetpack-related-posts":[{"id":98682,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-slash-prices-by-up-to-16-per-cent-as-fear-grips-hong-kong-in-wake-of-prime-rate-hike\/","url_meta":{"origin":116497,"position":0},"title":"Homeowners slash prices by up to 16 per cent as \u2018fear\u2019 grips Hong Kong in wake of prime rate hike","date":"September 27, 2018","format":false,"excerpt":"\r Fears of a drop in home prices are growing in the world\u2019s least affordable housing market as at least five homes were unloaded at discounts of up to 16 per cent on Thursday, following higher mortgage lending rates unveiled by 11 local banks. In anticipation of higher prime lending\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128722,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-raises-mortgage-rate-dealing-a-blow-to-hong-kong-homeowners-with-other-banks-set-to-follow-suit\/","url_meta":{"origin":116497,"position":1},"title":"HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit","date":"August 18, 2022","format":false,"excerpt":"\r HSBC\u2019s move means someone taking on a HK$5 million (US$637,385) mortgage over a 30-year period at a rate of Hibor+1.3 per cent, will pay an extra HK$1,324 a month, according to mReferral.\r \r Source : South China Morning Post\r Read more...HSBC raises mortgage rate, dealing a blow to Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-offer-this-years-lowest-mortgage-rates-for-two-projects-in-tsuen-wan\/","url_meta":{"origin":116497,"position":2},"title":"Hong Kong banks offer this year\u2019s lowest mortgage rates for two projects in Tsuen Wan","date":"August 17, 2017","format":false,"excerpt":"\r Competition in the mortgage loan business among banks in Hong Kong is heating up, with some partnering with mortgage brokers to offer this year\u2019s lowest mortgage rate to buyers of two new developments in Tsuen Wan. Centaline Mortgage Broker said on Thursday that it would provide clients who bought\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-money-market-rate-hits-nine-year-high-pushing-up-mortgage-lending-rates\/","url_meta":{"origin":116497,"position":3},"title":"Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates","date":"November 28, 2017","format":false,"excerpt":"\r Mortgage lending rates rose in Hong Kong on Tuesday, as the city\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":159867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-rolls-out-fixed-mortgage-plan-at-2-73-ahead-of-fed-rate-cut\/","url_meta":{"origin":116497,"position":4},"title":"HSBC rolls out fixed mortgage plan at 2.73% ahead of Fed rate cut","date":"August 25, 2025","format":false,"excerpt":"\r Hong Kong\u2019s largest bank has rolled out a fixed-rate mortgage plan, charging lower interest for home loan borrowers ahead of the first relaxation in monetary policy this year, expected in mid-September. HSBC launched a mortgage plan fixed at 2.73 per cent per annum on Monday for either the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-extends-pilot-fixed-rate-mortgages-scheme-by-a-year-lowers-interest-rates-to-combat-pandemic-fallout\/","url_meta":{"origin":116497,"position":5},"title":"Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout","date":"November 2, 2020","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116497"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116497"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}