HSBC 5yr Variable: 0.99%, 1.29%, 1.34%, starting TODAY (Dec 4th)

Saw this, not sure if it is true. I am in the market, so will confirm tomorrow. Right now I am approved for 1.49% 4yr fixed + $3k + a few other fee reimbursements through a bank. I have a theory why this bank is so aggressive this time - I have heard from ppl that there was a shuffling at the top in their Personal / Small Business segment as they were losing significant market share to others for having bad rates.

[update 1] Seems this is confirmed for the Dec 4th launch. I am waiting to hear back from the Premier person I deal with. Will share the contact once I get more details. I don’t think HSBC has 3rd party brokers.

[update 2] from HSBC: for new customers only (no existing mortgage with HSBC), 25 year amortization (+0.1% for 30 yr), cash back $1k, yes HELOC. Asking if my contact is okay for me to share.

[update 3] [...]

[update 4] Please refer to tigger03‘s post on Page 5 for additional info on 5yr fixed rate offerings from HSBC. Please refer to Vg19’s post on Page 11 for low ratio staff rates. Please refer to KarthikA40261’s post on Page 13 for a smart way to reduce your penalty - thanks!

[update 5] Well the post is finally unlocked. If you are struggling with what to pick for a low ratio mortgage, look at below and make your own assumption on year 4/5 rates. If you are looking for a high ratio / low $$ mortgage, go nuts on 0.99%. The rate will stay low until we see inflation - my best guess is 2024/25. If you are low ratio and qualified for higher cash back + other incentives, then think hard between the 3 offers (4yr fixed vs 5yr fixed vs 5yr variable). You can get more than $1000 if they want your business enough.