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OCBC joins other local banks in upping rates for its fixed-rate mortgage

The Straits Times LogoThe Straits Times1 mo ago

OCBC joins other local banks in upping rates for its fixed-rate mortgage

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July 01, 2022 5:50 PM - The rate for OCBC's two-year fixed package has been hiked by 0.33 percentage points to 2.98 per cent.

This is raising expectations of another aggressive rate increase when the Fed meets on July 26 and 27.

SINGAPORE - OCBC Bank has joined DBS and UOB in raising rates for its fixed-rate mortgages.


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Article Details

Category: Economy

Topics: Percentage Rate Points Three First Raising Package Rates Fixed Cent Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 17:50:59

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 2 minutes read

Article Length: 295 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24814

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 22h 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: #25

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