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BT EXCLUSIVE

Sibor dive triggers fresh battle in mortgage rate cuts

Fixed or floating toss-up comes to the fore, as SGD borrowing benchmark hits new lows on Fed rate cuts

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Banks are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in response to the Fed's two off-cycle rate cuts in March.

Singapore

BANKS are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in response to the Fed's two off-cycle rate cuts in March.

Among the banks that...