{"id":128722,"date":"2022-08-18T17:58:37","date_gmt":"2022-08-18T10:58:37","guid":{"rendered":"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\/"},"modified":"2022-08-18T18:23:32","modified_gmt":"2022-08-18T11:23:32","slug":"hsbc-raises-mortgage-rate-dealing-a-blow-to-hong-kong-homeowners-with-other-banks-set-to-follow-suit","status":"publish","type":"post","link":"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\/","title":{"rendered":"HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit"},"content":{"rendered":"


\nHSBC\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.
\n
\nSource : South China Morning Post
\nRead more…HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC\u2019s move means someone taking on a HK$5 million (US$637,385) mortgage over a 30-year period...<\/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-128722","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-xua","jetpack-related-posts":[{"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":128722,"position":0},"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":116497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/","url_meta":{"origin":128722,"position":1},"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":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":128722,"position":2},"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":56066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/standard-chartered-raises-mortgage-rate-citing-hkma-rule-changes\/","url_meta":{"origin":128722,"position":3},"title":"Standard Chartered raises mortgage rate, citing HKMA rule changes","date":"May 26, 2017","format":false,"excerpt":"\r Standard Chartered Bank has raised its residential mortgage rate in Hong Kong, and other banks are expected to follow suit. Standard Chartered cited the increased cost of doing business following the Hong Kong Monetary Authority\u2019s latest risk management measures as the reason. The bank will increase the interest rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-raises-hong-kong-prime-rate-for-the-first-time-in-a-decade-ending-era-of-cheap-funds\/","url_meta":{"origin":128722,"position":4},"title":"HSBC raises Hong Kong prime rate for the first time in a decade, ending era of cheap funds","date":"September 27, 2018","format":false,"excerpt":"\r HSBC has become the first commercial bank to raise its prime rate in Hong Kong, taking its cue from the US Federal Reserve and the Hong Kong Monetary Authority in ending a decade of cheap capital. The base lending rate for borrowers will be raised by 12.5 basis points\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129901,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-hong-kong-homebuyers-have-seen-their-purchasing-power-shrink-by-hk1-million-since-january\/","url_meta":{"origin":128722,"position":5},"title":"How Hong Kong homebuyers have seen their purchasing power shrink by HK$1 million since January","date":"September 23, 2022","format":false,"excerpt":"\r While potential homebuyers might have lost HK$1 million (US$127,390) in buying power so far this year, homeowners will see their mortgage payments go up after banks raised their prime rates.\r \r Source : South China Morning Post\r Read more...How Hong Kong homebuyers have seen their purchasing power shrink by\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\/128722"}],"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=128722"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/128722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=128722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=128722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=128722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}