HSBC Increases Hong Kong Mortgage Rates by the Most in a Decade (Bloomberg)

Posted on December 2, 2008
Filed Under Home Mortgage |

Dec. 2 (Bloomberg) — HSBC Holdings Plc raised its Hong Kong mortgage rates by the most in a decade to maintain profitability on home loans. HSBC, the bank with the most branches in Hong Kong , will charge 1.5 percentage point below its so-called best rate for mortgages above HK$1.5 million ($194,000), spokeswoman Louisa Leung said.

Source:HSBC Increases Hong Kong Mortgage Rates by the Most in a Decade (Bloomberg)

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