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
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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.
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