Households earning less than S$7k most burdened by mortgage rate hikes: MAS
But its stress tests find most households can still service their housing loans in new rate-income scenario
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Singapore
WHILE households have exercised financial prudence as growth in wealth slowed, those with private housing loans and incomes of less than S$7,000 are the most exposed to higher financial burden when mortgage rates increase.
The Monetary Authority of Singapore (MAS) also found that households that manage several loans for their investment properties might face difficulties, too.
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