Jingluo: In December 2024, the MMI reported 3.62%, falling for 7 consecutive months, hitting a new low in 17 months
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The mortgage interest rate index (MMI) for December 2024 is 3.62%, down 16 points from the previous month, marking a decline for seven consecutive months and reaching a 17-month low. Due to Hong Kong banks lowering the prime rate, the MMI is expected to have further room for decline. The U.S. core CPI is below expectations, which may affect interest rate cut expectations. The one-month HIBOR in Hong Kong is reported at 3.92%, a near four-month low, and is expected to continue fluctuating in the range of 3.5% to 4%
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