Mortgage rates still at rock bottom

Posted by on September 5th, 2008 at 07:01pm

wrote an interesting post today on
Here’s a quick excerpt
HOMEBUYERS and sellers, hit by the recent market malaise, have at least one comforting constant in a market plagued by uncertainty - low interest rates.
Despite various economic woes - inflation, volatile oil prices, slowing economic growth - Singapore’s banks are continuing to offer rock-bottom mortgages.
The latest to reaffirm Singapore’s low interest rate home loans environment was Malayan Banking (Maybank), which yesterday launched a new three-year variable home loan that offers a low interest rate of 1.68 per cent a year for the first year.
Still, after that, the rates increase to 2.48 per cent for the second year and 2.88 per cent in the third.
Maybank’s new package followed two other home loan launches by Standard Chartered Bank (Stanchart) and HSBC.
Both offer competitive interest rates, albeit through slightly more creative housing loans that are pegged to the Singapore Interbank Offered Rate (Sibor).
Stanchart’s MortgageOne Sibor is priced at 0.9 per cent a year […]

Read the rest of this great post here

Under Uncategorized