Singapore Interbank Offered Rate (Sibor)

More homeowners look to refinance loans as SIBOR inches up

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...

SIBOR remains well below historical levels: Analysts

The three-month Singapore Interbank Offered Rate (SIBOR) reached 0.63 per cent on Wednesday (Jan 7), compared to 0.45 per cent on Jan 2. SIBOR is a key benchmark used to determine various lending rates. While the recent increase may signal the end of low interest rates, analysts said that for now, SIBOR remains well below historical levels. At 0.63 per cent, the three-month SIBOR is now at its...

SIBOR rate up slightly on Wednesday

A key interest rate that housing loans in Singapore are pegged to rose marginally on Wednesday (Jan 7), following two days of sharp increases. Bloomberg data showed the three-month Singapore Interbank Offered Rate (SIBOR) was fixed at 0.63707 per cent at 11.30 am on Wednesday, up slightly from Tuesday's fixing of 0.62052 per cent. The interest rate benchmark had jumped 7.4 per cent on Tuesday...

Home owners face higher mortgage payments with rise in SIBOR

Home owners may face higher mortgage payments, following recent hikes in a key benchmark interest rate that housing loans in Singapore are based on. According to data from Bloomberg, the three-month Singapore Interbank Offered Rate (SIBOR) was fixed at 0.62 per cent on Tuesday (Jan 6). This is up from 0.57 per cent on Monday. Last Friday, it was around 0.45 per cent, up from 0.4 per cent in...

A home loan price war on the horizon?

Sibor, commonly used by Singapore banks to peg their variable home loan rates, hits its lowest in 23 years Record-low interest rates could re-ignite the price war for a piece of the home loan pie, industry observers said. The benchmark Singapore interbank offered rate for three-month Singapore-denominated loans (Sibor) was at 0.44 per cent on Friday - its lowest in 23 years, according to Bloomberg...

Record-low Sibor to hit local bank earnings

Analysts expect Singapore's three big banks to report weaker earnings for the third quarter of this year, due to an all-time low Singapore Interbank Offered Rate or Sibor. As of last Friday, Sibor stands at 0.44 per cent or 44 basis points - it's lowest in 23 years. As interest from interbank loans is pegged to Sibor, analysts said banks may see lower net interest incomes in their latest financial...

Compare listings

Compare