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Thread: More borrowers opt for fixed rate home loans

  1. #1
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    Default More borrowers opt for fixed rate home loans

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

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

  2. #2
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    DBS is confident that interest rate will not climb a lot in the next 5 years. That is good news.
    Quote Originally Posted by princess_morbucks View Post
    post deleted as I just realised a similar thread was started by bro minority here :

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

  3. #3
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    Quote Originally Posted by DC33_2008 View Post
    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.

  4. #4
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    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

  5. #5
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    Guru e-book from property guru estimate an increase of 0.25% in 2014.
    Quote Originally Posted by princess_morbucks View Post
    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.

  6. #6
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    Quote Originally Posted by catsick View Post
    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

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