28 Mar '14, 2am

More home buyers opt for fixed-rate loans, Singapore Property News, Singapore Property Guides

One in two home buyers took up fixed-rate loans from DBS Bank this month, up from 30 per cent earlier in the year, the bank said - PHOTO: SPH [SINGAPORE] Interest rates are rising and home buyers are taking cover. One in two home buyers took up fixed-rate loans from DBS Bank this month, up from 30 per cent earlier in the year, the bank said. This is a shift. Anecdotal evidence has it that an estimated 70 per cent of home buyers have been going for floating-rate loans, with interest rates having plunged to historical lows following the 2008 Great Financial Crisis. The key three-month Sibor (Singapore interbank offered rate) has risen to 0.40568 per cent, up 0.9 per cent from last Thursday, when US Federal Reserve chair Janet Yellen said interest rates could rise earlier than expected. At the currrent level, the three-month 0.40568 per cent, which is pegged to most floating-...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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cpf.gov.sg 28 Mar '14, 6am

[SINGAPORE] Interest rates are rising and home buyers are taking cover. One in two home buyers took up fixed-rate loans fr...

BT: Interest rates are rising & home buyers are...

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One in two home buyers took up fixed-rate loans from DBS Bank this month, up from 30 per cent earlier in the year, the ban...

So of course it means not for the general public?

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