Hi
Can anyone confirm what is the 3Mth Sibor rate now?
My spread is at 0.98 and my bank charges me 1.432%.
Therefore, i reckon the 3Mth Sibor is at 0.45% (i thot it should be lower than this)
Can someone confirm, thanks
Roy Conago
Newbie
Hi
Can anyone confirm what is the 3Mth Sibor rate now?
My spread is at 0.98 and my bank charges me 1.432%.
Therefore, i reckon the 3Mth Sibor is at 0.45% (i thot it should be lower than this)
Can someone confirm, thanks
Roy Conago
Newbie
The Business Times today indicated around 0.35% for 3mth Sibor.Originally Posted by royconago
Newbie
Precisely, i wonder why my bank doesn't use the Business Times Sibor rate (0.35)? Is it due to any technicality that i am not aware., anyone know why?
Otherwise, i should give them a call to clarify.
Thanks
Junior
SIBOR3M was 0.4375 on 1 Aug.
It depends on your sibor terms. Some banks used the exact fixing date, some banks used the beginning of the month regardless of the fixing.
Ur case looks like using beginning of the month. let me guess. HSBC ?
Newbie
Hi AMK
Not HSBC, it is DBS
So i should see the adjustment down in the next month statement, right?
Newbie
loan pegged to 3mth sibor will mean interest rate is revised every 3mth,
so if ur loan just started, then adjustment will only happen 3mth later.
Newbie
0.32% + spread
Affordable means small
Newbie
When did you sign your mortgage? I am wondering why your spread is 0.98%.
Camper
I remember my agent saying the bank takes the previous month's. So it is technically last month's rate that will be the prevailing rate.
Yee ha! Did I tickle your funny bone?
Newbie
I signed up in 2009. now is still in progressive payment.
What is the spread nowadays?
Newbie
You can't do much if your spread is fixed by the bank in 2009.
Spread currently is between 0.4 - 0.6%.
If u take a 3mth sibor now, it's about max 1%.
Newbie
Hi
Can i consider to take the re-financing path?
Will it help to reduce my spread (0.98)
Senior
Spread of 0.4 is attractive. Is there any lock-in or only for BUC?
Newbie
May I know which bank offer 0.4 pct spread? Any lock in? And if its for completed properties? Thanks.
Junior
I got from DBS at 0.75 + 3M SIBOR in early Apr this yr.
Newbie
I thought the current spread is 0.55%. I wonder which pkg gives 0.4%?
Newbie
so rosy even in comex
Affordable means small
Newbie
The only rosy ones in comex are the models.
Then again, our spore models cannot fight with BKK, Vietnam etc types.
Newbie
Hello Gurus, Need some advice. Noted that the 1 month SIBOR is much lower than the 3 month SIBOR nowadays. So apparently its better to take a loan basis the 1 month SIOBR plus spread than the one base on the 3 month SIBOR. Do you guys feel the same way? But I am not sure what are the fall backs going forward. Can the 1 month SIBOR be higher in the future? If so, under what circumstances can this happen? Appreciate expert advice. Many thanks.
Exalted
I am wondering too....
The loading is any higher for 1mth sibor?
Junior
Both Sibor1M and 3M are lending rates, shorter tenor is almost always lower than the longer tenor. By definition it's very unlikely I charge you higher rates lending you on a shorter tenor.
(So it's different from SOR, as SOR is NOT a lending rate. It's a forward fx implied rate, therefore it can be anything as fx expectation can be dramatically different)
Historically 1M had ever been higher than 3M in 1999. This is still possible when in some very specific period (like year end/quarter end) there is a sudden need to borrow large amount on a short period.
however the real thing u should consider is this: when rate starts to shoot up, your 1M fixing expires 1st. So being on 3M has an advantage of 3 month delay... whether it's worthwhile for you is individual decision
Newbie
I think it's BS lah.
None of us here has seen a spread of 0.4%.
Even the given "max" range of 0.6% is not at all.
The recent spreads range mainly from 0.55% - 1.25%, the lower ends ones tends to be only first years with lock-ins.
Last edited by plan; 19-09-11 at 11:26.
Bricks & Mortar
What is the best lock-in and No locks-in spreads by Banks now for 1mth & 3mth Sibor? Also for BUC and Completed property, Anyone knows?
Junior
1) 3 yrs fixed rate:
a. Rate: 1.22% (1st yr), 1.33% (2nd yr), 1.45% (3rd yr)
b. Lock-in 3 years
c. 2 years free Fire Insurance
d. Legal fee subsidy 0.5% capped at $2,500
2) No Lock-in Floating Rate :
a. Rate: 1-month SIBOR+0.75% for 1st 3 yrs
b. No Lock-in Period
c. 1 yrs free fire insurance
d. Legal Fee subsidy 0.5% capped at $2,500
Newbie
Just for comparison...
Mine is 1st year 1 month Sibor + 0.50%, 2nd year + 0.50%, 3rd year + 0.60%.
5 years fire insurance.
Full legal subsidy cap at $3,500
I understand that some banks pay higher commission to property agents. i searched and nego my own mortgage rates with all banks.
I highly recommend doing own homework.
Exalted
Urs is buc or completed? Any lock in?
Junior
that is what I am going to ask. In additional what is the min loan amount?
Exalted
Which bank?
Music of the night
what goes down must come up, question is when and are we at the bottom of US Treasury yield ... imagine SIBOR turning up to 8%
Ride at your own risk !!!
Senior
I think MAS intends to keep interest rates low and make SGD cheap to keep businesses running at the expense of savers and poor folks. Rich folks have more assets so there is less worry. The 5.7% inflation figure is a joke. Food, energy and properties are getting more expensive to acquire. Inflation should be staying around this level next year.
http://www.straitstimes.com/Breaking...ry_748435.html
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