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。 ...

Group 1 - The Federal Reserve has recently announced a rate cut of 0.25%, impacting the Hong Kong interbank offered rate (HIBOR) [1] - The latest one-month HIBOR related to mortgage loans is reported at 3.13%, an increase of 15 basis points from the previous trading day [1] - With the current large bank mortgage interest rate set at H plus 1.3%, the mortgage interest rate stands at 4.43%, which is above the capped interest rate of 3.25% [1] Group 2 - Homeowners are likely to use the capped interest rate of 3.25% for mortgage calculations due to the current rates [1] - For a loan amount of 4 million HKD over a 25-year term at an interest rate of 3.25%, the monthly repayment is calculated to be 19,493 HKD [1] - The three-month HIBOR is reported at 3.09%, an increase of 10 basis points from the previous trading day [1]

Group 1 - The Federal Reserve's decision to maintain the federal funds rate at 4.25% to 4.5% aligns with market expectations, marking the fourth consecutive meeting without changes [1] - HSBC has announced that its prime rate will remain at 5.25%, which is also in line with market expectations, suggesting that Hong Kong banks will likely follow suit [1] - The Hong Kong property market is experiencing a recovery, driven by significantly reduced mortgage rates, lower housing costs, and increased demand for purchasing over renting [1] Group 2 - There is an expectation that the Federal Reserve may lower interest rates twice this year, potentially bringing the rate below 4% and gradually down to the low 3% range [1] - The anticipated decrease in U.S. interest rates is expected to lead to a corresponding reduction in Hong Kong's prime rate, which could drop by an additional 0.25% after a previous reduction of 0.625% [1] - The expected decline in the capped interest rate for mortgages in Hong Kong to 3.25% will lower income requirements for mortgage applicants, further supporting the local property market [1] Group 3 - The Hong Kong dollar is approaching the weak end of its trading band at 7.85, which may trigger the Monetary Authority to intervene in the market [2] - The significant disparity between Hong Kong and U.S. interest rates has led to increased arbitrage activities, and seasonal factors may contribute to a rise in Hong Kong interbank rates [2] - Despite the expected rise in interbank rates, it is anticipated that Hong Kong's mortgage rates will remain lower than levels seen before May of this year, fluctuating mainly between 1.84% and 2% to 3% [2]