September interest rates

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  1. #1

    Join Date
    Aug 2007
    Posts
    1,192

    September interest rates

    With the yesterday announcement of QE3, interest rates are unlikely to be going anywhere soon. That means that the current HK mortgage rates of ~ 2.15% are unlikely to be going up in the foreseeable future.


  2. #2

    Join Date
    Aug 2006
    Posts
    7,519
    RTHK: Tightening of lending for second homes


    The Monetary Authority has moved quickly to curb a possible rise in local property prices after the US Federal Reserve launched a new round of monetary easing, which may trigger overheated asset prices in Hong Kong.

    The Authority said buyers who seek more than one property mortgage will have to pay a higher downpayment. Its Chief Executive, Norman Chan, said the new measure won't affect home-for-home purchases and first-time home buyers. He said the Authority needed to take action now. Mr Chan said the Authority has also capped the period for repayment of mortgage loans in a bid to reduce risk for banks.

  3. #3

    Join Date
    Oct 2010
    Posts
    1,113

    Walk up. You are entirely right. Don't listen to the Brit who has been consistently wrong. Rates are going to be low for a long long time. Now is a time to buy property and ride the wave of massive growth based on super low and prolonged low borrowing costs.