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Fixed-rate mortgages in Singapore seen hurtling towards 3%

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Kelly Ng

Kelly Ng

Published Mon, Jun 27, 2022 · 05:08 PM
    • Fixed-rate home loans have been on an upward trend since the start of 2022.
    • Fixed-rate home loans have been on an upward trend since the start of 2022. The Straits Times

    MORTGAGE rates have continued to climb in Singapore as lenders here take their cue from the US Federal Reserve, with some market participants projecting fixed rates close to 3 per cent as inflation forces central banks to keep benchmark interest rates high.

    Fixed-rate home loans have been on an upward trend since the start of 2022. Among the local banks, OCBC and UOB’s fixed rates for 2-year home loan packages are at 2.65 per cent per annum.

    DBS said it is finalising its new fixed rates for private property owners. The 5-year fixed rate of 2.05 per cent per annum currently published on its website is “exclusively for HDB homeowners”.

    Singapore mortgagesSingapore banksInterest ratesUS Federal Reserve

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