{"id":868,"date":"2016-01-06T21:05:00","date_gmt":"2016-01-06T14:05:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=868"},"modified":"2016-01-06T18:44:34","modified_gmt":"2016-01-06T11:44:34","slug":"uae-homeowners-hit-by-mortgage-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-homeowners-hit-by-mortgage-rate-hikes\/","title":{"rendered":"UAE homeowners hit by mortgage rate hikes"},"content":{"rendered":"


\n
\nUAE homeowners have been hit by new year mortgage rate hikes as banks pass on rising interbank borrowing costs.HSBC Middle East raised its mortgage rate based on its Emirates Interbank Offered Rate (Eibor) by just under a quarter per cent from the start of the month.It comes hard on the heels of the first rate rise by the US Federal Reserve in almost a decade and an 11 per cent rise in interbank borrowing costs over the last month.
\nOther home lenders are expected to follow suit as rates start to tick up again for the first time in more than five years.Tightening liquidity in the banking sector has also placed upward pressure on interest rates.Most mortgages in the country are benchmarked to Eibor and home owners have benefitted from years of declining mortgages costs.The rise in home loan rates will come as a blow to the property sector which has been hit hard by the strong US dollar that has deterred investment from the eurozone and elsewhere.
\nscronin@thenational.aeFollow The National\u2019s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UAE homeowners hit by mortgage rate hikes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UAE homeowners have been hit by new year mortgage rate hikes as banks pass...<\/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-868","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-e0","jetpack-related-posts":[{"id":900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-homeowners-feel-the-pinch-as-mortgages-rise-on-back-of-fed-rate-increase\/","url_meta":{"origin":868,"position":0},"title":"UAE homeowners feel the pinch as mortgages rise on back of Fed rate increase","date":"January 6, 2016","format":false,"excerpt":"\r \r UAE homeowners have been hit by new year mortgage rate increases as banks pass on rising interbank-borrowing costs. HSBC Middle East raised its mortgage rate based on its Emirates Interbank Offered Rate (Eibor) by just under a quarter per cent from the start of the month. A spokeswoman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/further-pain-for-uae-homeowners-with-mortgage-rate-rises-in-store\/","url_meta":{"origin":868,"position":1},"title":"Further pain for UAE homeowners with mortgage rate rises in store","date":"December 21, 2015","format":false,"excerpt":"\r \r Home financers are set to come under pressure to raise mortgage costs for the first time since the financial crisis as interbank borrowing rates spike.It follows the first rate rise by the US Federal Reserve in almost a decade, and a 17 per cent jump in UAE interbank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dip-in-uae-interbank-rate-could-ease-mortgage-payments\/","url_meta":{"origin":868,"position":2},"title":"Dip in UAE interbank rate could ease mortgage payments","date":"January 5, 2017","format":false,"excerpt":"\r Homeowners in the UAE may see some relief in their monthly payments if a recent slide in the interbank rate - used as a benchmark for most mortgages in the country - continues.The 4.4 per cent drop in the benchmark three-month Emirates Interbank Offered Rate (Eibor) to 1.38 per\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":868,"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":171200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/potential-rate-cut-pause-geopolitical-tensions-may-cloud-hong-kong-property-recovery\/","url_meta":{"origin":868,"position":4},"title":"Potential rate cut pause, geopolitical tensions may cloud Hong Kong property recovery","date":"March 23, 2026","format":false,"excerpt":"\r Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision. For Chan, the ideal mortgage would be if the one-month Hong Kong interbank offered rate (Hibor)\u2026","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":868,"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\/868"}],"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=868"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/868\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}