Login / Register

User Name
Password

Search



Advanced Search

Advertisers

Hong Kong's Prime Lending - Dropped?


Tags
mortgage, prime rates, rates

Reply
 
Tools Rate
  #1  
Old 19-09-2007, 12:33 PM
KnowItAll's Avatar
Resident Peacekeeper
  
Join Date: Apr 2003
Location: Pokfulam
Age: 40
Posts: 11,111
KnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond repute
Hong Kong's Prime Lending - Dropped?
Did the prime rates drop in HK?

Just saw something about the rates dropping in the US and have not (yet) seen anything similar in HK.
Reply With Quote
  #2  
Old 19-09-2007, 01:04 PM
Registered User
  
Join Date: Nov 2005
Location: HKIsland for now...
Posts: 1,914
freeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud offreeier has much to be proud of
Send a message via ICQ to freeier
mr KIA...
rates dropping = federal reserve announcement.
until it trickles down to consumer, it takes 3-6 mths.. 8-P

just pay your interest!
Reply With Quote
  #3  
Old 19-09-2007, 01:19 PM
KnowItAll's Avatar
Resident Peacekeeper
  
Join Date: Apr 2003
Location: Pokfulam
Age: 40
Posts: 11,111
KnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond repute
Weird .. usually thought that the banks in HK announced a drop in their prime rates the same day.
Reply With Quote
  #4  
Old 19-09-2007, 04:10 PM
fly fly is offline
Registered User
  
Join Date: May 2004
Posts: 445
fly is on a distinguished road
Check the papers, reports say its unlikely HK will follow in the near term. Long term is still hopeful though!
Reply With Quote
  #5  
Old 19-09-2007, 04:15 PM
KnowItAll's Avatar
Resident Peacekeeper
  
Join Date: Apr 2003
Location: Pokfulam
Age: 40
Posts: 11,111
KnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond repute
I'm betting by the end of the week.
Reply With Quote
  #6  
Old 19-09-2007, 04:51 PM
Registered User
  
Join Date: Jun 2007
Location: Kowloon, HK
Posts: 7
calmathetic is on a distinguished road
KIA - The HK interbank rate was cut today from 6.75% to 6.25%. The HK interbank rate is tied to the US Fed rate. It is calculated by adding 1.5% to the Fed rate.

Also HSBC, Stan Char, BOC cut their lending rates by 25 basis points to their best customers effective tomorrow.

Hope the above helps....

wk
Reply With Quote
  #7  
Old 19-09-2007, 05:04 PM
KnowItAll's Avatar
Resident Peacekeeper
  
Join Date: Apr 2003
Location: Pokfulam
Age: 40
Posts: 11,111
KnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond reputeKnowItAll has a reputation beyond repute
calmathetic : Thanks ..
Reply With Quote
  #8  
Old 19-09-2007, 05:25 PM
fly fly is offline
Registered User
  
Join Date: May 2004
Posts: 445
fly is on a distinguished road
That's great news. Any news on the others <cough> Citibank????
Reply With Quote
Reply
Similar Threads
Thread Forum
hibor vs prime Business and Finance
hong kong's effect on hair? Everything Else
Prime Rib Everything Else
Hong Kong's most obnoxious expat Everything Else
Visa .. Disneyland Hong Kong's official card Everything Else


« Buying an Apartment in Hong Kong - Questions | insurance, mpf for part time employees? »
Tools
Rate This Thread
Rate This Thread:


All times are GMT +8. The time now is 03:26 AM.