East Asia Hang Seng follow suit plus interest

Following HSBC, Standard Chartered Hong Kong and BOCHK (02388) took the lead after the rate hike, Hang Seng (00011) and East Asia (00023) also followed the increase in mortgage rates. Both Hang Seng and East Asia raised their HIBOR rates by 0.1% to H + 1.4%, in line with the three lines of interest. After raising the interest rate on H, the one-month HIBOR is calculated on the basis of the effective interest rate at 1.755%.

For the best rate (P) mortgage plan, Hang Seng from the original P-2.85 PCT to P-2.75% (Hang Seng P is 5%, the actual interest by 2.25%), cash rebate continues to be equal to the maximum amount of 1.6% ; East Asia also raised P by P-3.1 PCT to P-3 PCT (East Asia P was 5.25%, the actual interest rate of 2.25%). Hang Seng said it would keep a close eye on the market situation and would continue to adopt a prudent loan principle to provide mortgage services.

Effective on 5 June

In addition, East Asia also announced the adjustment of fixed rate mortgage interest rate, the first year by interest will be 1.68%, increased to 1.72%, the second year, from the original H + 1.28 PCT, raised to H + 1.4 PCT.

According to the Central Plains mortgage brokerage data in April, has announced the increase in interest rates by the five banks accounted for more than 70% of the total mortgage market share, and the six banks in the only unregulated interest rate of ICBC Asia, Calculate the capital ratio of the bank.

To a 7 million yuan unit, for example, if the buyer for 60% of the mortgage, the contribution period of 30 years, after the increase in interest rates, the choice of H by the buyer, the need to pay 205 yuan per month interest, while the whole Period is to pay more than 7.4 million. However, East Asia still offers a discounted loan of 1.72% for the first year, which is about 1.755% lower than H + 1.4. It is worth noting that HSBC and Standard Chartered Hong Kong were raised on Monday (29th), while Hang Seng, East Asia and BOCHK would enter into force on Monday (June 5).

Zhongmei mortgage brokerage manager Wang Meifeng said that most of the use of internal assessment banks have been raised interest rates, I believe that the full period of H + 1.4 PCT will become the new normal, the banks continue to raise interest rates during the period, the market will appear short discount tail The bus will be on the tide. The Monetary Authority earlier raised the bank to reduce the cost of the bank mortgage business, the market has been expected to have raised the interest rate.