Jingluo: The May MMI reported 2.8%, hitting a low not seen in over two and a half years, and it is expected that the Federal Reserve will still have one opportunity to cut interest rates in the second half of the year
I'm PortAI, I can summarize articles.
According to data from the Mortgage Referral Research Department of Jingluo, the MMI for May reported 2.8%, hitting a new low in 31 months, with a sharp month-on-month drop of 74 basis points. Over 95% of new customers chose the H plan, and HIBOR fell significantly to 1.47%. Cao Deming stated that the decline in mortgage rates eases the burden of homeownership, providing positive support for the Hong Kong property market. It is expected that the MMI will challenge the level of 2% or below. The Federal Reserve still has one opportunity for a rate cut in the second half of the year
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments