On Last Friday’s Fed Meeting at Jackson Hole, Fed’s Chairwoman Janet Yellen said that the US Central Bank will be raising short-term interest rates in the months coming. Read more about the news here. What it means for you, is that if you have an existing loan, especially a property loan, your monthly installments are about to go up! If you don’t know much about Finance, I’ve drawn a simple mind map here for you to understand. For one, SIBOR is short for Singapore Interbank Offered Rate. What it means is the interest banks in Singapore charge one another for loaning money from them (E.g. DBS loans money from UOB). Whenever anyone (who isn’t a bank) borrows money from any banks, we are charged an interest, usually calculated by adding our Risk Premium to SIBOR. The Risk Premium charged to you is based on your credit-worthiness, whether how likely you are to default on your repayments, or to put it ......