Amex cuts mortgage rates for negative equity clients by as much as 2%

American Express said it offers to lower mortgage rates of its clients in negative equity by as much as 2 percent. The bank said it will offer negative equity clients a reduced mortgage rates of 1 percent below their existing rates or 2.5 percent above the Hong Kong Interbank Offered Rate, whichever is lower, given that they are AM cardholders and that their repayment records are satisfactory.

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