How much would interest rates rise? and what should be a normal interest rate in the long run?
If rise is not substantial, is it wise to just stick to floating rates over SIBOR?
How much would interest rates rise? and what should be a normal interest rate in the long run?
If rise is not substantial, is it wise to just stick to floating rates over SIBOR?
ah ben and ah yellen already state that low interest rates are to stay for a long time. how long is long - that's the crux
Ah Ben probably thrown some figure during his private talk (his opinion, but highly reliable)................
1 thing I know from his talk is that low rate is the new norm!
Caveat Emptor: the "low rate" refers to SIBOR........... Not FHR, Board Rate or any other fanciful names coined by banks.................
dbs dare to do 1.88% for 5 years.
maybank bank dare to lock in 3 years at <1.5%.
their view of interest rate rise over the next few years is probably for gradual rises to still <2%?
DBS is 2.18% not 1.88%
http://www.dbs.com.sg/personal/homel...e/default.page
last i read, folks here were congratulating themselves for securing a fixed loan saying rates would shoot up to even, i dare say 5% means they kana smoke by gossip mongers
No wonder my bankers ask me to do nothing for now for my loan taken up between 2008 and 2011 period.
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
Anyone can ad advise which bank offer better housing loan now?
if currently 0.9% + sibor for 1st 3 years and thereafter, 1% + sibor, do I still need to refinance?
Interest rates will likely stay low for at least another 12-18 months. But be prudent in your calcs - make sure you can support your mortgage if rates move to say 3.5%. Unlikely rates will do so, but you live in less stress if your mortgage is easily handled in this scenario. Everyone thinks their salaries will keep going up, but they don't always do, especially for those with commission based income ...
lock in 3 years at 1.4% levels should be good now?
Most banks seem to have increase their spread for floating rates and fixed rates have increased. DBS used to offer 1.68% for 5 years which on hind sight looks very good. Now is 2.18% for 5 years.