The Business Times
business-time-50

Fixed-rate mortgages in Singapore seen hurtling towards 3%

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    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