1月6日一个月HIBOR报2.98%，张颢曦表示，目前美国就业走弱风险大于通胀上升风险，料美联储上半 年或再一次预防性减息。香港HIBOR走势将取决于美国息口及资金流向，预计HIBOR上半年将反复徘 徊2-3%水平，普遍新造H按的实际息率将维持3.25%水平。若再有资金流入香港，HIBOR或有机会反复 挑战2%以下水平，届时H按业主或有机会以低于封顶息率供楼，MMI亦有机会跟随回调。 根据经络按揭转介研究部最新数据显示，2025年11月份的经络按揭息率指数(MMI)，即反映普遍按揭新 客户一般可做到的实际按息水平，最新报3.31%，月环比下跌7点子，连跌2个月，创3个月新低。经络 按揭转介营运总监张颢曦表示，大部分新造按揭业主倾向选用H按计划，而香港银行分别于去年9月份 及10月份下调最优惠利率(P)，新造H按封顶息率已回落至现时的3.25%，使MMI跟随回落。 ...

Core Viewpoint - The mortgage rate index (MMI) in Hong Kong has decreased to 3.38% in October, reflecting a 14 basis point drop from the previous month after three consecutive months of increase [1] Group 1: Mortgage Rate Trends - The MMI, which indicates the actual interest rates available to new mortgage customers, reported a decrease of 14 basis points to 3.38% in October [1] - The average one-month HIBOR was reported at 3.5% in October, but banks in Hong Kong lowered their best lending rates by a total of 25 basis points in September and October, resulting in a new capped interest rate of 3.25% for new mortgage owners [1] - As of November 26, the one-month HIBOR was at 2.98%, and it is expected to fluctuate around the 3% level due to year-end factors [1] Group 2: Economic Influences - The U.S. job market is deteriorating, leading to expectations that the Federal Reserve may implement a preventive rate cut of 25 basis points in the upcoming meeting [2] - The future trajectory of HIBOR will depend on capital flows; if more funds flow into Hong Kong, HIBOR may challenge levels below 2%, potentially allowing mortgage owners to secure rates lower than the capped rate [2]

Group 1 - The Mortgage Market Index (MMI) for May reported a significant drop to 2.8%, a decrease of 74 basis points, marking a 31-month low [1] - Over 95% of new mortgage clients opted for the H mortgage plan in May, influenced by the Hong Kong Monetary Authority's market interventions, which increased the banking system's surplus to HKD 174 billion [1] - The average one-month HIBOR fell sharply to 1.47% in May from 3.65% in April, contributing to the decline in MMI and easing the mortgage burden for property buyers in Hong Kong [1] Group 2 - The latest U.S. Consumer Price Index (CPI) for May was reported at 2.4%, slightly up from 2.3% in April, while the unemployment rate remained stable at 4.2% [2] - The impact of tariffs on inflation is still under observation, leading to expectations that the Federal Reserve will maintain its current interest rates for the time being [2] - There is a belief that if inflation remains manageable, there may be one opportunity for a rate cut in the second half of the year [2]