智通财经APP获悉，根据经络按揭转介研究部最新数据，2025年6月份的经络按揭息率指数（MMI），即反映普遍按揭新客户一般可实现的实际按息水平，最新报2.05%，环比急跌75个基点，创3年新低。经络按揭转介首席副总裁曹德明表示，以普遍H按计划“H+1.3%”计算，今日H按实际按息为2.47%，仍比封顶息率3.5%低1.03%。由于HIBOR本月开始回升，预计MMI将跟随回升至约2.5%水平。
曹德明还表示，6月份超过95%的经络按揭新客户选择H按计划。而香港金管局于5月底至6月四度入市干预，使香港银行体系结余一度升至1740亿港元水平，热钱涌入导致HIBOR急速下跌。6月平均一个月HIBOR报0.68%，较5月的1.47%急跌79个基点，MMI亦随之大幅回落。
近月港元多次触发“弱方兑换保证”，香港金管局多次入市买港元，香港银行体系结余跌破1000亿港元，跌至864.29亿港元，推动HIBOR反复回升。今日一个月HIBOR报1.17%，已连续8个工作日维持在1%以上水平。
曹德明续指，目前港美息差仍大，套息交易仍有盈利空间，未来亦可能再度触发“弱方兑换保证”，促使香港金管局再次入市买港元，届时银行体系结余可能随之回落，HIBOR亦有机会上试1.5%水平，建议有意置业人士需定时留意市况及利率走势。
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