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Households earning less than S$7k most burdened by mortgage rate hikes: MAS

But its stress tests find most households can still service their housing loans in new rate-income scenario

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While households have exercised financial prudence as growth in wealth slowed, those with private housing loans and incomes of less than S$7,000 are the most exposed to higher financial burden when mortgage rates increase.

Singapore

WHILE households have exercised financial prudence as growth in wealth slowed, those with private housing loans and incomes of less than S$7,000 are the most exposed to higher financial burden when mortgage rates increase.

The Monetary Authority of Singapore (MAS) also