US employment data in May was not as expected, and the market wait-and-see rate hike cycle is coming to an end. During this period, Hong Kong banks only raised the prime rate (P) once in September last year. It has been reported that HSBC slightly raised the interest rate of H (Interbank Offered Rate) last week, mainly targeting new mortgages and resales of second-hand buildings with lower prices.
According to the report, the local leading bank HSBC will increase the interest rate of second-hand buildings with a loan amount of less than 3 million yuan from the original H+1.23% to H+1.24%, and reduce the cash rebate by 0.05 percentage points to 2.05%. As for the H of the loan of $3 million to $5 million, it rose to H+1.235%. However, as the bank has a P-2.75% locking level (currently 2.375%) and it has already touched the water level, this measure has not affected the actual interest rate.
HSBC responded that it has always reviewed the mortgage rate on a regular basis and adjusted it according to market conditions. The best interest rate depends on the relationship between individual customers and the bank.