Home loan lenders in Singapore, such as banks DBS, OCBC and UOB have all made their moves in raising the rates on most of their home loan packages in the past week, following the Fed’s latest interest rate hike. With prices on many housing loans rising, is taking a bank loan or HDB loan still affordable for the average Singaporean homeowner?
Table of Contents:
Impact Of Interest Rate Hike On Home Loans And Homeowners In Singapore
Why does the interest rate hike have such a major impact on the prices of home loans? With the Fed’s rate hike, many are concerned that a large proportion of prospective homeowners and consumers may become priced out of the housing market....
