- What’s happening with US interest rates?
- The rise in interest rates is sharper than expected
- How does this matter to Singapore homeowners?
- 1. Higher-income buyers of BTO flats may still be affected
- 2. Reconsider refinancing your HDB loan to a bank loan
- 3. EC buyers will have to deal with the rising rates
- 4. Tighter TDSR limits, plus rising home loan rates, may make borrowing tougher
- 5. Internal board rates are not necessarily proof against rising rates
- 6. If you have just a little left to go, you may want to consider prepayment
- How will this affect rental?
Since around 2008/9, bank home loans have been significantly cheaper than HDB Concessionary Loans. Homebuyers have been warned repeatedly that bank loans could one day be pricier than HDB loans again – but that concern has been diminished, after being repeated for more than a decade. This year, however, a surprisingly sharp interest rate hike, over a short period, has made the warning tangible again:
Table Of Contents
