Jingluo: The latest MMI report shows a 3.52% decline for 8 consecutive months, and further downward adjustment is expected
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The latest Mortgage Market Index (MMI) for January 2025 reported at 3.52%, a decrease of 10 basis points month-on-month, marking an 8-month consecutive decline and reaching a 20-month low. The interest rates for general bank H and P mortgages have dropped to as low as 3.5%. It is expected that the Federal Reserve will examine inflation trends, and Hong Kong banks may maintain the prime interest rate unchanged. In February, major banks will launch fixed-rate mortgage plans, with a 3-year fixed interest rate of 3.18% and a 5-year fixed interest rate of 3.03%. The MMI still has room for further reduction
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