Recently I had an interview with Wayne Quek, Director of mortgage consultancy firm Home Loan Whiz, to understand more about how property financing and SIBOR rates work. Below is a summary of our conversation. PS = Property Soul Wayne = Wayne Quek, Director, Home Loan Whiz PS: Could you share with us the main factors affecting housing loan interest rates? Wayne: There are many factors that will affect interest rates of mortgages. I think the most significant factor at this time is US Federal Reserve’s announcements and actions with regards to their interest rate policies. SIBOR (Singapore Interbank Offer Rates) is heavily influenced by the Singapore- US dollar exchange rate and also the US Federal Funds rate. Historically, there is a very strong correlation between the interest rates in Singapore and the US. We have already seen an example earlier this year where the Federal Reserve announced the end ......