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Thread: Should I refinance my housing loan? 10 things to consider

  1. #16

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    bec i see the SOR now is still lower than Sibor by 0.21059% ....
    https://abs.org.sg/rates-sibor

  2. #17
    Join Date
    Mar 2009
    Posts
    10,247

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    SOR is lower than SIBOR now because S$ is near their highest level vs US$...
    Wait till US$ increases significantly against S$ and you will see SOR being significantly higher than SIBOR......

    If you want real low rate, go for 1M SIBOR (which is lower than 3M SOR)!
    Obviously, no free lunch because 1M SIBOR more volatile than 3M SIBOR, but I will take 1M SIBOR any time vs 3M SIBOR (since if 1M increase, 3M also will increase, and there is like 0.25% difference between them to narrow!)


    Quote Originally Posted by taggy View Post
    bec i see the SOR now is still lower than Sibor by 0.21059% ....
    https://abs.org.sg/rates-sibor

  3. #18

    Default

    Quote Originally Posted by taggy View Post
    bec i see the SOR now is still lower than Sibor by 0.21059% ....
    https://abs.org.sg/rates-sibor
    When it goes up, you'll see the impact much faster than sibor.
    However, if you have free conversion now, with a non lock in SOR package, it's fine for you to switch over if you are a risk taker but note that when it rise, you face package worst off much later when you want to refinance out.

  4. #19

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    Last day tomorrow for the ocbc package!

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