HSBC has taken the lead in raising mortgage rates as the cost of borrowing money keeps rising. Photo: Yik Yeung -man
Hong Kong homeowners to take a hit as HSBC raises mortgage rate

HSBC’s 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$656 a month, according to mReferral.

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