Hong Kong Mortgage Rate Setting — An Alternative Reference Rate?

Jim Wong, Cho-Hoi Hui and Laurence Kang-Por Fung

Chapter 6 in The Banking Sector in Hong Kong, 2008, pp 95-131 from Palgrave Macmillan

Abstract: Abstract 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.

Keywords: Interest Rate; Banking Sector; Mortgage Loan; Reference Rate; Mortgage Rate (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230227378_6

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