With interest rates in Singapore close to their all-time lows, it may feel like a good time to go out and borrow money. Certainly the buoyant housing market can be at least partially attributed to low mortgage rates which increase the affordability of a property purchase. In this article we’ll take a look at where interest rates are in Singapore relative to their history, what typical interest rates for different types of loans are currently, and consider whether it’s a good idea to go out and take a loan now. The Singapore Interbank Offered Rate (or SIBOR) is based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore interbank market. As many mortgage loans are now pegged to it, it has become a key rate to look at and also gives a rough indication of where deposit and other lending rates ......