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CNA Explains: Where are mortgage rates in Singapore headed and what should home owners do?

Channel News Asia LogoChannel News Asia1 mo ago

CNA Explains: Where are mortgage rates in Singapore headed and what should home owners do?

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SINGAPORE: Home owners in Singapore will have to brace themselves for higher mortgage repayments as local banks continue to raise interest rates for their home loan offerings.

He added that while it is common for banks to offer higher fixed rates for longer tenures, the bank has set its three-year fixed rate home loan at the same rate as its two-year loan.

With the Fed looking at more interest rate increases this year, we ask the experts where mortgage rates in Singapore are headed and what home owners can do.


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Article Details

Category: Economy

Topics: Rates Loans Mortgage Packages Cent Loan Rate Fixed Interest Banks Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 20:46:52

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 11 minutes read

Article Length: 1829 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 20264

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 55 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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