Hong Kong Mortgage Rate Setting — An Alternative Reference Rate?

Hong Kong Mortgage Rate Setting — An Alternative Reference Rate?

Currently, the lending rates for most mortgage loans are set with reference to the best lending rate (BLR). Such a pricing method has been adopted by banks for many years, and it is well received by borrowers. While mortgage products with fixed rates or rates set with reference to Hong Kong Interban...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Wong, Jim, Hui, Cho-Hoi, Fung, Laurence Kang-Por
Format: Buchkapitel
Sprache:eng
Schlagworte:
Banking Sector
Interest Rate
Mortgage Loan
Mortgage Rate
Reference Rate
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Beschreibung
Zusammenfassung:Currently, the lending rates for most mortgage loans are set with reference to the best lending rate (BLR). Such a pricing method has been adopted by banks for many years, and it is well received by borrowers. While mortgage products with fixed rates or rates set with reference to Hong Kong Interbank Offered Rates (HIBORs) are also offered in the market, they have not been popular.
DOI:10.1057/9780230227378_6