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Sibor surge driving mortgage rates up

Sibor at more than decade-high; home loan rates now at 50% above that a year ago but increases likely to moderate for 2019

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Home buyers hoping for a reprieve in rising mortgage rates better not hold their breath as interest rates continue to rise and are now back at levels last seen 12 years ago.

Singapore

HOME buyers hoping for a reprieve in rising mortgage rates better not hold their breath as interest rates continue to rise and are now back at levels last seen 12 years ago.

Following the latest round of hikes, the interest rate on mortgages is now some 50 per cent higher

sentifi.com

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