17 Mar '17, 7am

sigh....

Local housing loan rates are expected to rise this year, say experts. Analysts expect the three-month Singapore interbank offered rate (Sibor), to which most housing loans are pegged, to increase to between 1.45 percent and 1.85 percent by the end of the year, reported TODAYonline . This comes as the US Federal Reserve earlier increased its rates by 25 basis points to a range of 0.75 percent to one percent. The Fed predicts two more hikes for this year. The Sibor hovered at 0.942 percent yesterday (16 March), from 0.940 percent during the previous week, while the three-month Swap offer rate (Sor), which is a benchmark for commercial loans, stood at 0.907 percent, up from 0.890 percent previously. “The contributing factor to the rise in Sibor and Sor for this year is the rise in Libor (London interbank offered rate), which is due to the expectations of two more rate hikes t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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