The Fed raised the federal funds rate by 75 bps (0.75%) in June, the largest rate hike since 1994. Fed chairman Powell stated that he didn’t expect moves of this size to become the norm going forward but left open the door to another possible 75 bps hike, with the market now expecting a minimum 50 bps increase next month. With the US Fed increasing interest rates in a more aggressive fashion to stave off global inflationary concerns, rates here have also crept up. That’s because Singapore rates tend to track that of the US. Source: Redbrick Mortgage Advisory With the volatility in this rising rate environment, some banks here have already stopped issuing fixed-rate home loans. The high interest rate environment creates a challenge for homeowners to refinance their property loan at attractive interest rates. With cash sitting in the bank account still earning low interest, would...