After two years of hovering around 0.5%, the SIBOR is now rising fast thanks to expectation that the US Fed will increase interest rates this year. In fact, some experts speculate that interest rates will grow to 2.5% in a matter of months nearly on par with the HDB Concessionary Loan interest rate of 2.6%. If you’re currently servicing a floating-rate home loan that is pegged to the 3-month SIBOR and you’re worried about an increase in your mortgage repayments, you should definitely keep on reading! When it comes to choosing between a fixed or floating rate home loan, the choice often comes down to two factors:... Continue Reading