The Business Times
business-time-50
MORTGAGE OUTLOOK

Interest rates heading north; Singapore to feel full impact in 2023

Brokers say some banks have already raised 3-year fixed rates by 5-10 basis points in October, up from an all-time low in September

google-preferred-sourceAdd BT as a preferred source
Kelly Ng

Kelly Ng

Published Sun, Nov 14, 2021 · 09:50 PM

    Singapore

    DOMESTIC borrowing rates will inevitably head north in 2022, with the US Federal Reserve inching closer to a rate hike as it starts tapering bond purchases.

    The questions are when, and by how much, mortgage brokers and bank executives said, with most agreeing that the full impact of these global actions on Singapore will only be realised in 2023.

    MortgagesInterest ratesSORA

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More