{"id":119091,"date":"2020-11-02T19:37:06","date_gmt":"2020-11-02T12:37:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-extends-pilot-fixed-rate-mortgages-scheme-by-a-year-lowers-interest-rates-to-combat-pandemic-fallout\/"},"modified":"2020-11-02T20:02:55","modified_gmt":"2020-11-02T13:02:55","slug":"hong-kong-extends-pilot-fixed-rate-mortgages-scheme-by-a-year-lowers-interest-rates-to-combat-pandemic-fallout","status":"publish","type":"post","link":"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\/","title":{"rendered":"Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout"},"content":{"rendered":"


\nThe 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 extended until October 30, 2021. The scheme started receiving applications from Monday.This comes as the pandemic continues to adversely affect the local job market. The Hong Kong\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong extends pilot fixed-rate mortgages scheme by a year, lowers interest rates to combat pandemic fallout<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong Mortgage Corporation (HKMC) has extended a pilot scheme for fixed-rate mortgages by...<\/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-119091","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-uYP","jetpack-related-posts":[{"id":116497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/","url_meta":{"origin":119091,"position":0},"title":"Which mortgage rate will be a lifesaver for Hong Kong homeowners?","date":"May 19, 2020","format":false,"excerpt":"\r \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.\r\rThe maximum loan amount caps at HK$10 million (US$1.3 million). At the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/explainer-what-hong-kongs-interest-rate-increase-means-for-hibor-prime-and-mortgages\/","url_meta":{"origin":119091,"position":1},"title":"Explainer: What Hong Kong\u2019s interest rate increase means for Hibor, prime and mortgages","date":"December 14, 2017","format":false,"excerpt":"\r Hong Kong Monetary Authority (HKMA), the city\u2019s de facto central bank, today raised its base lending rate for the third time this year following a similar move by the US Federal Reserve, increasing it by 25 basis points to 1.75 per cent. What is the base lending rate? It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83845,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-ends-fixed-rate-mortgage-in-hong-kong-a-week-after-feds-rate-rise\/","url_meta":{"origin":119091,"position":2},"title":"HSBC ends fixed-rate mortgage in Hong Kong a week after Fed\u2019s rate rise","date":"March 27, 2018","format":false,"excerpt":"\r HSBC, Hong Kong\u2019s 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\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":119091,"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":149487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-cuts-rates-on-fixed-mortgages-in-hong-kong-amid-slumping-sales\/","url_meta":{"origin":119091,"position":4},"title":"HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales","date":"February 13, 2025","format":false,"excerpt":"\r Other banks may follow with similar cuts to ease financing costs and help revive home sales.\r \r Source : South China Morning Post\r Read more...HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-should-you-care-about-interest-rates\/","url_meta":{"origin":119091,"position":5},"title":"Why should you care about interest rates","date":"June 15, 2017","format":false,"excerpt":"\r The Hong Kong Monetary Authority (HKMA) raised its base rate by 0.25 percentage points on Thursday following the US Federal Reserve\u2019s overnight move. In announcing the decision, HKMA chief executive Norman Chan Tak-lam reiterated his warning to Hong Kong home buyers that mortgage rates will rise in the near\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\/119091"}],"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=119091"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119091\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}