HSBC tightened the building twice in two months

HSBC Bank took the second shot in two months to reduce the mortgage cash rebate and raise the interest rate

The scope will be extended from all mortgages to all property mortgages, that is, the first-hand and second-hand properties will be raised by new mortgages! Wang Meifeng, managing director of Zhongyuan Mortgage Brokerage, believes that HSBC’s adjustment of preferential policies has an indicative role, and it is expected that other banks will gradually follow the adjustment.

HSBC cuts mortgage cash rebates and raises interest rates

HSBC will reduce the mortgage cash rebate of more than 10 million yuan in property loans to 1.5%, and the cash rebate of less than 10 million yuan will be reduced to 1%, applicable to first-hand, second-hand and remortgage loans; The maximum interest rate is also adjusted to the best interest rate (P) minus 2.65%, which is an actual interest rate of 2.475%, an increase of 0.1%. It is applicable to first-hand and second-hand property mortgage applications, and the bank’s interest rate is reversed.

Borrowing 3 million yuan for more than 155 yuan

The bank had a cash rebate at the end of June, from a maximum of 2.1% of the loan amount to a slash of 1.5%, and now it is cut to a minimum of only 1%, meaning a new mortgage application for every 3 million yuan. yuan. For the loan amount of $3 million and the mortgage period of 30 years, HSBC’s actual interest rate is increased by 0.1%, which means that the monthly repayment of customers is 1.32% or 155 yuan, and the full-term interest expense is increased by 4.66% or 55,905 yuan.

Comparison of monthly market share of BOC and HSBC mortgages

The HSBC spokesperson acknowledged that the mortgage rate will be reviewed regularly in response to market conditions. Recently, a number of factors, including the Hong Kong Interbank Offered Rate, the bank’s competitiveness and market prices, have been decided to adjust the mortgage rate.

Bankers explained that as the US enters the interest rate cut cycle, the bank raises the best interest rate dreams, and only raises new interest rates to maintain profits. In addition, HSBC seized a lot of mortgage market share in the first half of the year when the market was booming. The mortgage market share of the current building in the first seven months was 26.5%, which was 2.6 percentage points higher than BOC Hong Kong (02388). HSBC still sits. More than 1,400 lead than the other side, looking forward to the downturn in the property market, even if the mortgage discount is cut below the market level, there is no need to worry about being taken over by BOC Hong Kong.

Banking industry is expected to have a small impact on the property market

Huang Yixin, Managing Director of the Lijiage Mortgage Agency, also believes that the HSBC’s mortgage market may have been “enough” in the first half of the year. It is not necessary to maintain aggressiveness in the second half of the year. The Sino-US trade war and the development of the situation in Hong Kong affect the property market. From the perspective of risk management, banks To balance the proportion of mortgage business.

Wang Meifeng said that the high rebate and interest-bearing long-term low level have made the bank mortgage business profitable, and increased the incentives for reducing the incentive. However, the adjustment of mortgage interest rates and concessions is not a tightening of mortgages. Banks are still positive about the property, and it is expected to have little impact on the property market.


Main page                                                                                                 Next page

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *