Mortgage Purchase Programme
 
 

The HKMC purchases the following types of mortgages from Approved Sellers:

  
 

 

  
 

 

  
 
(a) Floating Rate Mortgages
 
(i) Prime-Based Mortgages
  Prime-based mortgage is based on the prime rate as quoted by the Approved Sellers.
 
(ii) HIBOR-Based Mortgages
  The interest rate of HIBOR-based mortgage is benchmarked against the Hong Kong Inter-bank Offered Rate (HIBOR) for various reference periods.
 
(iii) Composite Interest Rate Mortgages
 

The Composite Interest Rate Mortgage is indexed on the Composite Interest Rate as announced by the Hong Kong Monetary Authority from time to time.

 
  Composite Interest Rate
  Hong Kong Prime Rate
   
(b) Fixed Adjustable Rate Mortgages
 

Approved Sellers originate Fixed Adjustable Rate Mortgage at fixed Gross Mortgage Rates (GMR) for a 1-,2-, 3- and 5-year period as determined by the Corporation from time to time.

FARM Rate Update
   
   
 
     
   
     
 
 
 
  A wholly-owned Hong Kong SAR Government Corporation through the Exchange Fund
Legal Statement | Privacy Policy Statement