A key interest rate benchmark hit a four-month high on Thursday (Aug 13), as sentiment towards the Singapore dollar remain weak following the depreciation of the Chinese Yuan. On Wednesday, the three-month Singapore Interbank Offered Rate (SIBOR) rose to 0.9345 per cent. On Thursday, the rate climbed further to 0.9388 per cent. Property analysts said banks have not yet adjusted mortgage rates that...
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The usage of Singapore Interbank Offered Rate (Sibor) and Swap Offer Rate (SOR) data in valuation and pricing activities will be subject to a monthly fee of US$1,500 (S$2,000) each for subscribers from Oct 1. In a statement on Thursday (Jun 25), the ABS Benchmarks Administration (ABS Co) – a fully owned subsidiary of the Association of Banks in Singapore – said the decision was taken in line with...
The benchmark three-month interest rate in Singapore fell for a third straight session on Thursday (Apr 16), dropping below the psychological 1 per cent level amid an improved outlook for the local dollar. At the latest fixing on Thursday, the three-month Singapore interbank offered rate (Sibor), which is used to set floating-rate mortgages, slipped to 0.94654 per cent from 1.01241 per cent on...
The Republic's benchmark three-month interest rate eased to a two-week low on Tuesday (Apr 14), after the Singapore dollar rose as the Monetary Authority of Singapore kept its exchange-rate based policy unchanged. The three-month Singapore interbank offered rate (Sibor), which is used to set floating-rate mortgages, slipped to 1.01441 per cent, its lowest level since Mar 30. Three-month Sibor is...
Singapore mortgage rates have risen on average by at least a third within the past month, amid an increase in Singapore's benchmark interest rate. Market analysts have said mortgage rates are expected to climb further in the coming months and more home owners are reviewing their financial position. Mortgage rates for home owners on floating rate loan packages are estimated to have risen on average from...
A key benchmark lending rate rose above the 1 per cent level for the first time in more than six years, indicating that mortgage rates will increase further in coming weeks. The three-month Singapore interbank offered rate (SIBOR) was fixed at 1.00129 per cent on Tuesday (March 24), according to Association of Banks in Singapore (ABS) data posted on Bloomberg, up 0.9 per cent from Monday's fixing of...
Homeowners servicing mortgages will need to tighten their purse strings further: The three-month Singapore interbank offered rate (SIBOR) on Wednesday (Mar 11) charged past 0.9 per cent — a level not seen since 2008 — amid widespread expectations that the United States Federal Reserve will raise benchmark borrowing costs by mid-year. The local interest rate, widely used to price home loans here,...
The era of ultra-easy money is drawing to an end for Singapore mortgage holders, with domestic interest rates rising at their fastest pace in a decade in a country that already ranks among the world's most expensive places to live. The three-month Singapore interbank offered rate (Sibor), used to set floating-rate mortgages, climbed to 0.78756 per cent today (March 3). It has gained 33 basis points so...
The three-month Singapore Interbank Offered Rate (SIBOR) continued to push higher on Monday (Feb 2), touching 0.67863 per cent. SIBOR is a key interest rate that housing loans in Singapore are pegged to and it has been on an upward trend since the end of last year. Expectations are that home buyers may have to service higher monthly mortgages, and industry watchers have said this could reduce...
More homeowners who took housing loans from banks are now looking for refinancing options. Loan specialists said they have been getting more inquiries since the recent spike in SIBOR (Singapore Interbank Offered Rate). Homeowners - whose mortgages are tied to SIBOR - are now facing higher monthly payments. One of those affected is 30-year-old engineer Lai Ming Kwan, who bought an executive condominium...