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HSBC mortgage plan ups home-loan ante

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A favorable HIBOR-based mortgage plan launched by Hongkong and Shanghai Banking Corporation yesterday is expected to intensify competition in the home-loans business. //--> DerekYiu Friday, February 19, 2010 A favorable HIBOR-based mortgage plan launched by Hongkong and Shanghai Banking Corporation yesterday is expected to intensify competition in the home-loans business. The lender's plan is based on the one-month Hong Kong Interbank Offered Rate plus 0.65 percent. This represents a mortgage rate of 0.72 percent, on par with the...

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