Mortgages?

[pin]

At present I have a prime -2.9 mortgage, meaning my interest rate is 2.1%. I no longer have any tie ins.

Anyone got a mortgage recently, what sort of rate have you been offered?

How are the HIBOR rates comparing these days?

BTW this is for investment property.

Thanks for any help.

[walkup]

Current mortgage rates average about 2.5%

[BryanL]

I have been mortgage shopping:

HSBC: P5%-2.8 = 2.2% +1% cash rebate
Hang Seng: P5% - 2.75 = 2.25% +1% cash rebate
SCB: P5.25% - 2.7 = 2.55% +1% cash rebate

although not totally accurate, here is a rough gauge:

按揭利率
BEST FORTUNE PROPERTIES AGENCY LIMITED

[DS26]

Prime rate less 2.9% is not bad at this day. But of course, if you have the mortgage done in 2010, the rate was even better.
My relative bought a house in 2010 and he was offered HIBOR + 0.6%. Currently HIBOR is only 0.5%. So he is effectively paying 1.1%.

Now the bank offer HIBOR + 1.5%. So in fact, it is close to Prime rate less 2.9%. And it is no much difference using Prime rate less xx% or HIBOR + xx%

[MandM!]

SCB has P-3.1, but their P is 5.25

[pong li]

We are just in the process of buying an investment property ourselves and amongst 5 banks we applied to they all end up with a repayment mortgage rate of around 2.15% regardless of what their Prime Rate is. No-one seems keen to offer HIBOR deals at the moment.

[bambieboy]

I guess it depends if you require cashback for your mortgages as well. I know a few banks that does HIBOR plan.