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Mortgage rates may rise, says bank chief

Mortgage rates may rise, says bank chief

This is a discussion on Mortgage rates may rise, says bank chief within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Hong Kong banks may increase bmortgage/b rates but lower their prime rates before the end of the year, according to ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-03-2008, 08:27 PM

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Mortgage rates may rise, says bank chief

Hong Kong banks may increase bmortgage/b rates but lower their prime rates before the end of the year, according to David Li Kwok-po, chairman of the Bank of East Asia.

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(Source: Google Blog Search)

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