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Thread: 3-month SOR and 2-month Sibor hits new high

  1. #31
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    Quote Originally Posted by teddybear View Post
    Your comments is laughable.
    Oh, if so, those who take up Fixed Rate loan in the short-end! Ouch! Those who take up Fixed Deposit pegged loan (eg FHDR) with super high spread for long term also at short end! (Wow! DBS make big money!)
    And all those "anticipation" about rate increase and SIBOR being jacked up by banks like no tomorrow - consumers also at the short end!


    You were saying the above were laughable?
    I agree.

    It's like..

    If you are born in a rich family, you will die...
    If you are born in a poor family, you will die...
    If you are born in singapore, you will die...
    If your parent is a teddybear, you probably won't die then.

    I do recall the movie Ted, whereby the Teddybear didn't die.

  2. #32
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    You prata king ah. Say banks colluding with each other (to raise SIBOR) to screw consumers. Then when you realise interest rate has been so low for the past 7-8 years, now sing another tune. Really joker.





    Quote Originally Posted by teddybear View Post
    Your comments is laughable.
    You mean they are doing charity to keep the interest rate low?
    And how much are they paying in deposit rate if they are charging that low rate + a 1% (or more) margin?
    No wonder some have to come with "creative" loan packages other than SIBOR pegged....
    You still don't understand how the rate is being derived that is why it is so low?

  3. #33
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    in defense of teddy, nobody ever hear of teaser rates or loss leaders?
    now that property market is down, loan book is not growing, no more new fishes that will bite. time to hike up the rates for the rest of the 22-23 years

    anybody paying attention to the capital flows?
    http://www.tradingeconomics.com/singapore/capital-flows
    with capital outflows, will competition for funds drive up the SIBOR/SOR/FD rates?

  4. #34
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    Quote Originally Posted by hopeful View Post
    in defense of teddy, nobody ever hear of teaser rates or loss leaders?
    now that property market is down, loan book is not growing, no more new fishes that will bite. time to hike up the rates for the rest of the 22-23 years

    anybody paying attention to the capital flows?
    http://www.tradingeconomics.com/singapore/capital-flows
    with capital outflows, will competition for funds drive up the SIBOR/SOR/FD rates?
    I though the reason for capital outflows is because of the low interest rate in the first place. If the interest rate is higher, there will be more capital inflows.

  5. #35
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    In theory, a 1-month sibor for the next 12 months will be the current 12-month sibor (ie. fixed rate for next one year). Unless you are an expert in forecasting the swap curve over the next 12 months, it does makes sense to hold on to current floating loan with low spread.

    If the current loan is at 1-month sibor + 0.85% for thereafter years, would you take the risk to refinance it at fixed rate for 2-3 years, and then take on the risk to re-finance again that will end up with a higher spread (more than 0.85%?

  6. #36
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    I would say the "Ouch" will apply to those:

    If you have a floating + low spread, and you refinance it with Fixed Rate = ouch!
    If you have a floating + low spread, and you refinance it with FHDR = ouch!

    imho, i think those with low spread should resist the temptation to refinance to fixed rate. Is the current spread in today's market in region of 120bps?

  7. #37
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    Quote Originally Posted by Ilikeu View Post
    I would say the "Ouch" will apply to those:

    If you have a floating + low spread, and you refinance it with Fixed Rate = ouch!
    If you have a floating + low spread, and you refinance it with FHDR = ouch!

    imho, i think those with low spread should resist the temptation to refinance to fixed rate. Is the current spread in today's market in region of 120bps?
    totally agree with you ...


    Floating all the way ...

    With the market slowing down so much, i am pretty sure, the banks' housing loan books have shrunk.

    And this has always been one of the most profitable books in any bank.

    Give it a little more time, even if rates go up a bit, banks will start to give some perks...

    no matter what scenario, Floating rate never go wrong.

  8. #38
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    Agreed with you two!

    Now now, anybody don't understand the rationale?

    If don't understand, should consult proud owner or Ilikeu.
    It is difficult to get such impartial advice where the advisor don't benefit and/or get anything in return.........

    Quote Originally Posted by proud owner View Post
    totally agree with you ...


    Floating all the way ...

    With the market slowing down so much, i am pretty sure, the banks' housing loan books have shrunk.

    And this has always been one of the most profitable books in any bank.

    Give it a little more time, even if rates go up a bit, banks will start to give some perks...

    no matter what scenario, Floating rate never go wrong.
    Quote Originally Posted by Ilikeu View Post
    I would say the "Ouch" will apply to those:

    If you have a floating + low spread, and you refinance it with Fixed Rate = ouch!
    If you have a floating + low spread, and you refinance it with FHDR = ouch!

    imho, i think those with low spread should resist the temptation to refinance to fixed rate. Is the current spread in today's market in region of 120bps?

  9. #39
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    Quote Originally Posted by teddybear View Post
    Agreed with you two!

    Now now, anybody don't understand the rationale?

    If don't understand, should consult proud owner or Ilikeu.
    It is difficult to get such impartial advice where the advisor don't benefit and/or get anything in return.........
    Time will tell if the low spread tagged to sibor you get helps you in the long run, in any case, citibank have taught alot of people lesson.
    We will know in due course.
    Bank drops their sibor spread from 0.9,0.8 and 0.7 currently when sibor keep rising for the past year.

  10. #40
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    Hi minority, you got double body???

    Quote Originally Posted by thomastansb View Post
    You prata king ah. Say banks colluding with each other (to raise SIBOR) to screw consumers. Then when you realise interest rate has been so low for the past 7-8 years, now sing another tune. Really joker.

  11. #41
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    I think in this forum, only 1 person is posting and replying. I am teddybear as well. Later, I will login as minority to reply.



    Quote Originally Posted by teddybear View Post
    Hi minority, you got double body???

  12. #42
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    Teddybear logic cannot be replicated or duplicated one. I am very sure you are not.
    Quote Originally Posted by thomastansb View Post
    I think in this forum, only 1 person is posting and replying. I am teddybear as well. Later, I will login as minority to reply.

  13. #43
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    which bank gives sibor + 0.7% spread? 0.7% is for thereafter years?


    Quote Originally Posted by MortgageGuru View Post
    Time will tell if the low spread tagged to sibor you get helps you in the long run, in any case, citibank have taught alot of people lesson.
    We will know in due course.
    Bank drops their sibor spread from 0.9,0.8 and 0.7 currently when sibor keep rising for the past year.

  14. #44
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    Fixed rate is only for 2 years or so... and not for the whole (or significant portion) tenor of the loan.
    The fixed rate is derived from the swap curve and since it is for short term of about 2 years, the smart guys there are able to predict with fairly accurate projection, so it is already priced in.
    Then you will end up in the mercy of the bank after the fixed rate and expose to the risk of an increased spread.
    Unless you are in alternate asset investments where you can take USD LIBOR swap of say 10 years, then you can take a hedge against the interest rate movement as many things will not go accordingly to forecast/plan for such long period of 10 years.






    Quote Originally Posted by teddybear View Post
    Agreed with you two!

    Now now, anybody don't understand the rationale?

    If don't understand, should consult proud owner or Ilikeu.
    It is difficult to get such impartial advice where the advisor don't benefit and/or get anything in return.........

  15. #45
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    NY FED just hinted No rate hike in March FOMC

  16. #46
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    steady... thumbs up.


    Quote Originally Posted by proud owner View Post
    NY FED just hinted No rate hike in March FOMC

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    just curious, how come not much interest in stanchart mortgage one?
    people think their excess cash can give better returns other markets?
    or simply most don't have spare cash after downpayment?

  18. #48
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    yes, i like stanchart.... for the mortgage one and also it offers 1-month sibor...
    but then not much fund left after downpayment to make full use of the mortgage one... but i use it to collect rental to build it up slow n steady.

    Quote Originally Posted by hopeful View Post
    just curious, how come not much interest in stanchart mortgage one?
    people think their excess cash can give better returns other markets?
    or simply most don't have spare cash after downpayment?

  19. #49
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    Confused about what's the difference between SIBOR and SOR-pegged home loans in Singapore? Here's an interesting read. http://ow.ly/Ycb4z

    Is the article still too confusing and what about a fixed rate package now that SIBOR and SOR are rising? Feel free to send me a PM if you're looking for cheaper source of financing.

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    Any idea how are the 2 and 3 mth SIBOR doing now ?

    still going up ?

    still anticipating rate hike ?

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    Quote Originally Posted by proud owner View Post
    Any idea how are the 2 and 3 mth SIBOR doing now ?

    still going up ?

    still anticipating rate hike ?
    didn't receive any letter of increment for past few months

  22. #52
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    3M SIBOR still at about 1.25%, the highest ever % since the anticipation of FED rate hike and weaker S$.........
    BUT: NOW with NO FED rate hike and S$ appreciates from 1.470 to 1.359 per US$, 3M SIBOR didn't even drop!

    So conclusion: SIBOR kelong!

    Quote Originally Posted by proud owner View Post
    Any idea how are the 2 and 3 mth SIBOR doing now ?

    still going up ?

    still anticipating rate hike ?

  23. #53
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    Quote Originally Posted by teddybear View Post
    3M SIBOR still at about 1.25%, the highest ever % since the anticipation of FED rate hike and weaker S$.........
    BUT: NOW with NO FED rate hike and S$ appreciates from 1.470 to 1.359 per US$, 3M SIBOR didn't even drop!

    So conclusion: SIBOR kelong!

    contracts already signed mah ,,,, banks just sit on it lor ...


    just like oil price dropped so much ... we dont even see a similar drop in our petrol price ...

  24. #54
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    By right we should, except that the government raised petrol duty and pocketed the drop instead.............
    IMO many of the factors causing high inflation in Singapore are actually policy-related, like raising GST, increase in petrol duty and commercial property rentals, jacking up hawkers stalls rental etc...........

    Quote Originally Posted by proud owner View Post
    contracts already signed mah ,,,, banks just sit on it lor ...


    just like oil price dropped so much ... we dont even see a similar drop in our petrol price ...

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    As i expected and mentioned in the early part of the year ... that this is seasonal and due to chinese new year effect ... and that it should come off

    still believe that going forward , one should continue to use Floating rate as opposed to Fixed rate....

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    Quote Originally Posted by teddybear View Post
    3M SIBOR still at about 1.25%, the highest ever % since the anticipation of FED rate hike and weaker S$.........
    BUT: NOW with NO FED rate hike and S$ appreciates from 1.470 to 1.359 per US$, 3M SIBOR didn't even drop!

    So conclusion: SIBOR kelong!


    Again talk cock. either u are blind or a blatant liar

    http://abs.org.sg/rates-sibor

    3mth sibor 1.04%

    http://www.straitstimes.com/business...lds-off-easing

    What still bout 1.25% bullshit.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
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    OUT WITH THE SHIT TRASH

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  27. #57
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    Quote Originally Posted by teddybear View Post
    By right we should, except that the government raised petrol duty and pocketed the drop instead.............
    IMO many of the factors causing high inflation in Singapore are actually policy-related, like raising GST, increase in petrol duty and commercial property rentals, jacking up hawkers stalls rental etc...........
    WOW The RETARD HAVE SPOKEN AGAIN!!! So ehhhh u mean deflation means Singapore will be good and people will feel richer? WOW! Retard economics!!!!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
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    OUT WITH THE SHIT TRASH

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  28. #58
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    minority,

    Don't you come to lie here again!!!!!!

    1.25% was on 23 March 2016, now is 13 May 2016!

    When US$:S$ was previously at about 1.34 (like on 23 March 2016), SIBOR was only 0.5% !!!!!!!!!!!

    SIBOR up very fast when US$ goes up, but down very slow when US$ drops quickly!!!!!!!!!!!!!

    Quote Originally Posted by minority View Post
    Again talk cock. either u are blind or a blatant liar

    http://abs.org.sg/rates-sibor

    3mth sibor 1.04%

    http://www.straitstimes.com/business...lds-off-easing

    What still bout 1.25% bullshit.

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    Quote Originally Posted by teddybear View Post
    minority,

    Don't you come to lie here again!!!!!!

    1.25% was on 23 March 2016, now is 13 May 2016!

    When US$:S$ was previously at about 1.34 (like on 23 March 2016), SIBOR was only 0.5% !!!!!!!!!!!

    SIBOR up very fast when US$ goes up, but down very slow when US$ drops quickly!!!!!!!!!!!!!
    don't play dumb lah. 3mth sibor will have daily fluctuation? WOW. which BULLSHIT BANK YOU GO TO?
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
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  30. #60
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    minority,
    Don't come here to talk cock and lie here again!
    You 1 bloody idiot!
    Now you are telling us that since 23 March 2016 to 13 May 2016 there is no change/revision in 3M SIBOR????????? What cock you are!!!!!!!!!!

    Quote Originally Posted by minority View Post
    don't play dumb lah. 3mth sibor will have daily fluctuation? WOW. which BULLSHIT BANK YOU GO TO?
    Quote Originally Posted by teddybear View Post
    minority,

    Don't you come to lie here again!!!!!!

    1.25% was on 23 March 2016, now is 13 May 2016!

    When US$:S$ was previously at about 1.34 (like on 23 March 2016), SIBOR was only 0.5% !!!!!!!!!!!

    SIBOR up very fast when US$ goes up, but down very slow when US$ drops quickly!!!!!!!!!!!!!

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