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Mortgage debt manageable for most S’pore households but interest rate shocks pose risks: MAS

The Straits Times LogoThe Straits Times2 mo ago

Mortgage debt manageable for most S’pore households but interest rate shocks pose risks: MAS - The Straits Times

Quick Summary:

November 25, 2022 1:00 PM - Borrowers should exercise prudence to cushion against rising interest rates and inflation, says MAS.

After dipping in the first quarter this year, new housing loans gradually picked up in subsequent quarters, mirroring rising sales and prices in the private residential property market.

Still, the results of MAS’ stress tests show that most households appear to be resilient to income and interest rate shocks, and the proportion of non-performing mortgage loans is likely to remain low.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 13:00:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #249 (out of 2165 stories this day)

News Source URL: straitstimes.com

Language: English

Article Length: 1147 words

Reading Time: 7 minutes read

Sentences: 48 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 1923917

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About The Straits Times

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "Mortgage debt manageable for most S’pore households but interest rate shocks pose risks: MAS" was covered 2 months ago by The Straits Times, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/mortgage-debt-manageable-for-most-16693542424846

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