SUBSCRIBERS
Rate hike fears pushing home buyers to fixed-rate loans
Current floating rates are lower, but borrowers believe they will overtake fixed rates soon given rising interest scenario
Published Wed, Apr 4, 2018 · 09:50 PM
Singapore
HOME buyers are catching on that interest rates are rising and more are taking up fixed rate loans, say banks.
Amid the home buying frenzy which has sent prices soaring, borrowers are locking in the interest rates for their mortgages although they cost more than the current floating rate loans.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Citi shifts working hours, enhances platform ahead of settlement cycle change
Robinhood Crypto gets Wells notice from US SEC
Central banks need digital currencies to stay relevant
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA