As recession takes hold, HK banks worry about risk of easier mortgage rules

Indonesia Berita Berita

As recession takes hold, HK banks worry about risk of easier mortgage rules
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Even as Hong Kong has reduced down-payment requirements to help young profession...

) also plan to increase interest rates for mortgages and reduce cash rebates to borrowers in the months ahead, two bankers said.

All of the bankers, industry sources and mortgage brokers declined to be named as they were not allowed to speak to the media. Some banks in Hong Kong have raised interest rates for new mortgages twice since August by a total of 25 basis points, even as they cut their best lending rates recently for the first time since the global financial crisis.

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Reuters /  🏆 2. in US

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