Bank of China (Hong Kong) (HKG:2388) launched four new fixed-interest-rate mortgage plans with interest rates between 3.15% and 3.35% for two to five years, offering more choices to borrowers, The Standard reported Friday.
The customers can lock in an interest rate for their mortgages for some time under the new plans. Experts believe that the move will help property sales, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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