We’ve been enjoying ultra-low interest rates for the past few years on our home loans. However, that is already changing since the start of 2022, with the Federal Reserve increasing interest rates to combat skyrocketing inflation. The latest increase of 0.75 per cent on 15 June 2022 was the biggest hike since 1994. Source: MAS, Federal Reserve As a result, the median mortgage rates across Singapore banks have more than doubled, and you could be paying tens of thousands or more in additional interest. Source: Today Property analysts believe that further increases are coming… So if you haven’t already, NOW is the time to consider refinancing your home loan to lock in current rates before interest rates rise further. TL;DR: Should You Refinance Your Home Loan Now? Median mortgage rates have more than doubled since the start of 2022. Homeowners should consider refinancing their...