A SPIKE in the three-month Singapore interbank offered rate (Sibor) may spell higher housing loan rates for some, but mortgage experts say there is no cause for worry given the low base enjoyed by home owners for the past few months. The benchmark Sibor, the rate at which banks lend to each other, for three months fell as low as 1 per cent in August. Amid recent financial turbulence, it soared from 1.76...
Singapore Interbank Offered Rate
Industry watchers expect more home owners to consider refinancing their mortgage loans as interest rates look set to dip further. In fact, mortgage and financial planning firm SingCapital has seen a three-fold jump in enquiries in the last two months. Property agents are also getting a crash course in mortgage planning, including answering questions about refinancing of home loans. This occurs when...
The Singapore Interbank Offered Rate or SIBOR is expected to dip a further 0.5 percentage point over the next six months. Industry watchers said this will present an opportunity for homeowners and companies to refinance loans on their properties. The US Federal Reserve recently cut its benchmark interest rate to 2.25 per cent in a bid to prop up the American economy. And this has indirectly put a drag...