More borrowers opt for fixed rate home loans

[princess_morbucks]

post deleted as I just realised a similar thread was started by bro minority here :

http://forums.condosingapore.com/showthread.php?t=19903

[DC33_2008]

DBS is confident that interest rate will not climb a lot in the next 5 years. That is good news. ;)
post deleted as I just realised a similar thread was started by bro minority here :

http://forums.condosingapore.com/showthread.php?t=19903

[princess_morbucks]

DBS is confident that interest rate will not climb a lot in the next 5 years. That is good news. ;)

Yes, perhaps we can use it as a bench mark that interest rates are unlikely to climb beyond 1.88% over the next 5 years if there is no black swan.

[catsick]

the 5 year swap rate at the moment is 1.72% , so this deal is like sor + .16% which is very very good indeed , I cant see how they make money at this rate unless there is a bunch of fees added on

[DC33_2008]

Guru e-book from property guru estimate an increase of 0.25% in 2014.;)
Yes, perhaps we can use it as a bench mark that interest rates are unlikely to climb beyond 1.88% over the next 5 years if there is no black swan.

[proud owner]

the 5 year swap rate at the moment is 1.72% , so this deal is like sor + .16% which is very very good indeed , I cant see how they make money at this rate unless there is a bunch of fees added on



do you know how much the banks pay for your current account ?
your savings acc ? or even FD 1yr ?

local banks are flushed with deposits...

at one pt they were very aggressive in giving housing loans ... but MAS kind of warn them about too big a portfolio in housing loan ... so they started to raise the rates a little

but they have to find ways to match off those deposits ... so they wont die ... and can continue to make a lot of money