HSBC has taken the lead in raising mortgage rates as the cost of borrowing money keeps rising. Photo: Yik Yeung -man
HSBC has taken the lead in raising mortgage rates as the cost of borrowing money keeps rising. Photo: Yik Yeung -man

HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit

  • Someone taking on a 30-year, HK$5 million mortgage at a rate of Hibor+1.3 per cent, will pay an extra HK$656 per month
  • The mortgage businesses of banks in Hong Kong are about to enter ‘a cold winter’, says Raymond Chong, chief executive of StarPro

HSBC has taken the lead in raising mortgage rates as the cost of borrowing money keeps rising. Photo: Yik Yeung -man
HSBC has taken the lead in raising mortgage rates as the cost of borrowing money keeps rising. Photo: Yik Yeung -man
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