If the interest rate is not more than 5%, it will provide more than 250 yuan per million mortgages

the US is raising its interest rate by 0.25% as expected by the market. According to the analysis, although there is no immediate impact on the property market, it is believed that the burden on mortgage buyers will increase, from the current 60% to About 70% level.

Once the Hong Kong Bank raises the prime rate (P), how much extra burden will it impose on the owners who are making mortgage payments? According to the Central China Mortgage Statistics, the mortgage loan repayment period is 25 years. If the interest rate increases by no more than 0.5% during the year, the mortgage payment will only increase by RMB 250 for each RMB 1 million.

Expected immediate impact on the property market

The Central China mortgage forecast anticipates that Hong Kong will increase P by the end of September and it is not expected to increase more than twice, and the cumulative rate will not be more than 5%; the interest rate in Hong Kong will remain at 2.65% or below before the end of the year, still lower than in the past The average interest rate for 20 years is 3.6%. Han Jiahui, General Manager of Henderson Sales (Part 2), predicts that Hong Kong Bank may not follow the rate hike too soon, and it is expected that the property market will have little impact.

Meridian mortgage promotion means that, according to the bank’s forecast, as of May this year, the burden on property owners has been close to 60%, an 18-year high since 2000; expected to be under the dual impact of interest rate hike and property price increase. If the Hong Kong interest rate rises by 50 pips and the property price rises by another 10% over the current period, the burden ratio of the building will challenge the 70% level.

The mortgage promotion recommendation of the Meridian Bank estimated that before the bank raised P, as the interest-bearing Mortgage Plan (H-Press) has reached the capping level, existing banks have adjusted the capping level to P by 3%; in the case of measuring the decrease in bank profit margin, It is believed that other banks have the opportunity to follow the upward adjustment of interest rate ceilings for new mortgage customers.