According to the latest data from the Mortgage Referral Research Department of Jingluo, the Mortgage Rate Index (MMI) for March, which reflects the actual interest rate level that new mortgage customers can generally achieve, is reported at 3.51%, a month-on-month decrease of 3 basis points. Cao Deming, Chief Vice President of Jingluo Mortgage Referral, stated that the interest rates for new H mortgages and P mortgages from most banks remain unchanged at 3.5%, causing the MMI to continue hovering around the 3.5% level.
Cao Deming pointed out that the changes in the new U.S. government policy have created significant uncertainty regarding its impact on the U.S. and global economy. However, the latest Consumer Price Index (CPI) for March in the U.S. is reported at 2.4%, with the core CPI at 2.8%, both of which are below market expectations. Additionally, the unemployment rate has slightly increased. It is believed that the Federal Reserve will review inflation, employment data trends, and tariff impacts. If inflation continues to decline and the unemployment rate rises, the Federal Reserve may cut interest rates as early as mid-year or later.
In Hong Kong, the one-month HIBOR is reported at 3.7%, rising for two consecutive days. Cao Deming expects the one-month HIBOR to continue hovering in the range of 3.5% to 4%. It is anticipated that Hong Kong banks will decide whether to adjust the prime rate (P) based on the trends in U.S. interest rates

According to the latest data from the Mortgage Referral Research Department, the Mortgage Rate Index (MMI) for March, which reflects the actual interest rate level that new mortgage customers can generally achieve, is reported at 3.51%, a month-on-month decrease of 3 basis points. Cao Deming, Chief Vice President of Mortgage Referral, stated that the interest rates for new H mortgages and P mortgages at most banks remain unchanged at 3.5%, causing the MMI to continue hovering around the 3.5% level. Cao pointed out that the recent policy changes by the new U.S. government have created significant uncertainty regarding their impact on the U.S. and global economy. However, the latest March Consumer Price Index (CPI) in the U.S. reported at 2.4%, with the core CPI at 2.8%, both figures lower than market expectations. Additionally, the unemployment rate has slightly increased. It is believed that the Federal Reserve will review inflation, employment data trends, and tariff impacts. If inflation continues to decline and the unemployment rate rises, the Federal Reserve may cut interest rates as early as mid-year or later. In Hong Kong, the one-month HIBOR is reported at 3.7%, rising for two consecutive days. Cao Deming expects the one-month HIBOR to continue hovering in the range of 3.5% to 4%. It is anticipated that Hong Kong banks will decide whether to adjust the prime rate (P) based on the trends of U.S. interest rates

- The latest data from the Mortgage Referral Research Department indicates that the Mortgage Rate Index (MMI) for March is 3.51%, a decrease of 3 basis points month-on-month.  
- Chief Vice President Cao Deming noted that banks are maintaining new H and P mortgage rates at 3.5%, keeping the MMI stable.  
- He highlighted uncertainties from U.S. policy changes and suggested that if inflation continues to decline and unemployment rises, the Federal Reserve may consider interest rate cuts by mid-year or later.