Would you like a 1% mortgage?

HSBC is offering a 5-year, variable rate mortgage at 0.99%.

It is variable in that it is based on a discount from the bank’s Prime Rate, which can vary. The actual formula for the mortgage rate is Prime Rate minus 1.46%. The current Prime rate is 2.45%, which produces the rate of 0.99%.

And if you would like more certainty, HSBC is also offering a 5-year fixed mortgage at 1.39%.

In all cases, certain terms and conditions apply.

Oh, yes, one other detail: these are the rates HSBC is offering in Canada.

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Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReports.com
[email protected]

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“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”