So I was reading this CNA article on DBS, OCBC and UOB Mortgage rates. The title? DBS, OCBC, UOB raise interest rates for fixed home loans to up to 4.5% Massive rise in mortgage rates To put things in perspective, this time last year you could easily get a 2 year fixed rate loan at 1.25%. As of today, you’re looking at: UOB Bank – 4.5% a year for 2 year fixed interest rate mortgage DBS Bank – 4.25% a year for 2 – 5 year fixed interest rate mortgage OCBC – 4.3% a year for 1 – 2 year fixed interest rate mortgage So… mortgage interest rates have gone from 1.25% to 4.25%, in the span of 12 months. That’s ridiculous. It’s one thing to get 4% on a T-Bill risk free. It’s another thing to be paying 4.5% on your million dollar mortgage when it comes to refinancing time… How much will monthly mortgage repayments go up? Let’s put this into real world numbers....