The most recent cycle of rising interest rates was between 2015 to 2018 before it was abruptly interrupted by the Covid-19 pandemic. In a bid to keep their economies afloat then, central banks all over the world raced to dole out monetary easing policies. Since Singapore’s interest rates are partially influenced by the USD, many homeowners with home mortgages on floating interest rates found that their monthly mortgage payments had reduced as a result. After 2 years of ultra-low interest rates, we might have been lulled into a false sense of security that that dream house is now within reach because mortgages have become more affordable. In March 2022, the Federal Reserve raised interest rates by 0.25% to signal the start of a new cycle of monetary tightening. With interest rates going up, I think it is timely to evaluate your current housing loan and how to go about refinancing it. HOW MANY RATE HIKES IN 2022? The...