Meridian: The MMI report hit a 3-month low of 3.31% in November 2025

The Zhitong Finance App learned that according to the latest data from the Meridian Mortgage Referral Research Department, the Meridian Mortgage Interest Rate Index (MMI) for November 2025, which reflects the actual interest rate level that can generally be achieved by new mortgage customers. The latest report was 3.31%, down 7 pips month-on-month, falling for 2 months in a row. Meridian Mortgage Referral Operating Director Zhang Haoxi said that most new mortgage owners prefer to choose the H plan, while the Bank of Hong Kong lowered its best preferential interest rate (P) in September and October of last year, respectively. The capped interest rate for the new H has fallen back to the current 3.25%, causing MMI to follow the decline.

HIBOR reported 2.98% for January 6. Zhang Haoxi said that currently the risk of weakening US employment outweighs the risk of rising inflation. It is expected that the Federal Reserve may cut interest rates preventively again in the first half of the year. The trend of HIBOR in Hong Kong will depend on US interest rates and capital flows. HIBOR is expected to repeatedly hover around the 2-3% level in the first half of the year, and the actual interest rate for generally newly built Hs will remain at 3.25%. If more capital flows into Hong Kong, HIBOR may have the opportunity to repeatedly challenge the level below 2%. At that time, H may have the opportunity to buy a building at a lower interest rate than the ceiling, and MMI will also have a chance to follow the pullback.