Hong Kong Mortgage Rate Setting ¡V An Alternative Reference Rate?
AbstractThe HKMA has completed a research study on the setting of mortgage rate by Authorized Institutions (AIs). The purpose of the project is to consider whether in an environment of intensive competition and, until recently, abundant liquidity in the banking system, the AIs have adequately taken into account their long term cost of funds in setting their mortgage rates. The study also compares the Best Lending Rate (BLR) with other alternative mortgage reference rates to consider which one(s) would enable AIs to better track their cost of funds in determining the interest rate for residential mortgage lending. The results are presented in this paper.
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Bibliographic InfoPaper provided by Hong Kong Monetary Authority in its series Working Papers with number 0509.
Length: 51 pages
Date of creation: Aug 2005
Date of revision:
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Web page: http://www.info.gov.hk/hkma/
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