- Singapore’s interest rates are linked to global interest rates and substantial savings can be made from reduced mortgage expenses especially when we are in the initial stage of rate cycle
- US economy is recovering steadily as seen from its strong labor market for the past 5 years. Greater income is encouraging Americans to buy their own homes boosting the housing market and consumption
- Pockets of weakness exist but the Federal Open Monetary Committee projects that it would raise rates by 0.5% this year. The full effect on the US economy takes at least 18 months but SIBOR is more sensitive and most floating loan repayments are felt within 3 months
The cost of money is an important subject for most Singaporeans because we borrow heavily to finance the lifestyles we live today. For example, for a newly wedded couple who buy their own home are likely ......
