The pandemic we are experiencing today has pushed interest rates to record low across the globe, with some nations already headed into negative interest rates. For homeowners, this is a blessing in disguise because the fall in home loan rates means owners will get to save more on interest payments. 3M Sibor has dropped significantly from the start of the year from 1.774% to 0.406% today. For homeowners who took the floating rate package prior to the pandemic, you should already see pretty significant savings in the interest you pay every month. In my case, I have already seen a lower monthly repayment of about $900 in interest payments since the start of the year. With Sibor plunging to record lows, it has been difficult for banks to earn any sort of margins from their customers, hence in recent months, they have reacted by coming up with new packages that increase the incremental margins that they charge to customers....