SINGAPORE – Home loan rates have shot past the 4 per cent mark after DBS Bank, OCBC Bank and UOB raised their fixed-rate packages on Tuesday (Nov 15). Of the three local banks, UOB now has the highest rates, with its two-year fixed-rate package at 4.5 per cent a year. DBS' fixed-rate packages are at 4.25 per cent a year.
Singapore News - Home loan rates have shot past the 4 per cent mark after DBS and OCBC raised their fixed-rate packages on Tuesday. DBS is now offering a rate of 4.25 per cent with tenors of 2 to 5 years, while OCBC has one and two-year fixed rates packages at 4.3 per cent. A DBS. Read more at www.tnp.sg
SINGAPORE, May 7 Median mortgage rates have roughly doubled here over the last six months as the global effort by central banks to combat inflation through higher interest rates takes a toll on local home-buyers. Property analysts believe that further increases in mortgage rates are on the way,.