Compare singapore home loan, Sibor rate home loan
Singapore Sibor home loanCompare Singapore Home Loan: Sibor versus Inflation CPI
Many people say that, what happens if the interest rates go up?
What will happen to my home loan installment? When interest rates go up, your loan repayment becomes more expensive. Does that really hurt you? Continue reading
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Posted in Loan / Mortgage / Finance
Tagged Loan / Mortgage / Finance, SIBOR, Singapore Home Loan, SOR
Two foreign banks offer new low rates in bid to entice mortgage market
TWO foreign banks operating in Singapore have just unveiled rock-bottom home loan deals in a bid to secure a bigger slice of the fast-growing mortgage market amid record private home sales.
Market observers say it is too soon to say if a full-blown mortgage rates war will erupt – but the latest rates are sure to get the attention of home hunters.
One key factor allowing super-cheap mortgages is the fact that a key interbank rate, which influences consumer loan and deposit rates, is tipped to stay at depressed levels well into next year.
The rate – the three-month Singapore interbank offered rate (Sibor) – is hovering at 0.68 per cent, near the all-time low of 0.56 per cent back in June 2003. Continue reading
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Posted in Loan / Mortgage / Finance
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