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SIBOR rates and home loan repricing


Bluepica
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fed hike rate by 0.25% and world lost trillions

 

looks like there will be no further hike anytime soon

 

maybe even got negative interest rates  [laugh]

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fed hike rate by 0.25% and world lost trillions

looks like there will be no further hike anytime soon

maybe even got negative interest rates  [laugh]

 

Yes! this is the current predicament especially from US FED announcement yesterday where NOTHING was mentioned on rates hike instead of further notice or status quo!

but the big question here is . . .  will our local banks stop digesting the recent broad and rates hikes from last years news?  hell NO! . . .

other NOA's big banks have already 're-adjust' their recent rates back to or even lower than 2015, but except ours!

 

with all the tight measures, conversatives earnings, precautionary measures, volatile financial markets - the domestic sectors here should readlly review their rates instead of maintaing their stands......

 

I guess 1.68% SIBOR and 1.95%FL should be the market benchamrk for now . . . . Any banks with better rates than this????

 

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US Fed - Negative interest rates "possible" but "no plans yet".

 

http://money.cnn.com/2016/02/11/news/economy/negative-interest-rates-janet-yellen/index.html?iid=hp-stack-dom

 

http://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-feb-12-edition

 

Different news interpret what she said differently.

 

Yes! this is the current predicament especially from US FED announcement yesterday where NOTHING was mentioned on rates hike instead of further notice or status quo!

but the big question here is . . .  will our local banks stop digesting the recent broad and rates hikes from last years news?  hell NO! . . .

other NOA's big banks have already 're-adjust' their recent rates back to or even lower than 2015, but except ours!

 

with all the tight measures, conversatives earnings, precautionary measures, volatile financial markets - the domestic sectors here should readlly review their rates instead of maintaing their stands......

 

I guess 1.68% SIBOR and 1.95%FL should be the market benchamrk for now . . . . Any banks with better rates than this????

 

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One sure thing we can interpret it right is that when US Fed sniffs a 0.25% interest rate hike . . . All local banks here 快手快脚, "Ho Sei Liao" immediately rose their overall rates to all year high! Now if trends go for -ve rates hike . . . . You think our local banks will follow the same immediately like they did earlier?????

 

TKK lohhh!

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One sure thing we can interpret it right is that when US Fed sniffs a 0.25% interest rate hike . . . All local banks here 快手快脚, "Ho Sei Liao" immediately rose their overall rates to all year high! Now if trends go for -ve rates hike . . . . You think our local banks will follow the same immediately like they did earlier?????

 

TKK lohhh!

 

[thumbsup]  [thumbsup] [thumbsup]  

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I guess 1.68% SIBOR and 1.95%FL should be the market benchamrk for now . . . . Any banks with better rates than this????

http://www.straitstimes.com/business/property/personal-finance-website-partners-ocbc-to-offer-home-loan-with-a-rate-of-163

Personal finance website partners OCBC to offer home loan with a rate of 1.63%

 

From Feb 15, it will offer at fixed deposit-linked interest rate package, at a 36-month fixed deposit mortgage rate of 1.63 per cent, for the first three years on a loan of $500,000 and above. Owners and buyers of completed or resale private properties can apply or refinance through the website.

 

This offer will run only on MoneySmart.sg for 15 days.

 

Refinancing applicants will enjoy a $2,000 cash rebate on approval, which will help defray legal expenses. Consumers can make queries and apply for the loan through MoneySmart.sg without additional administrative fees as well.

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http://www.straitstimes.com/business/property/personal-finance-website-partners-ocbc-to-offer-home-loan-with-a-rate-of-163

Personal finance website partners OCBC to offer home loan with a rate of 1.63%

 

From Feb 15, it will offer at fixed deposit-linked interest rate package, at a 36-month fixed deposit mortgage rate of 1.63 per cent, for the first three years on a loan of $500,000 and above. Owners and buyers of completed or resale private properties can apply or refinance through the website.

 

This offer will run only on MoneySmart.sg for 15 days.

 

Refinancing applicants will enjoy a $2,000 cash rebate on approval, which will help defray legal expenses. Consumers can make queries and apply for the loan through MoneySmart.sg without additional administrative fees as well.

Good post bro as always!

 

Rates sound attractive at 1.63%. However may have to check the t&c.

Hv a good weekend!!

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Reduce interest rate to near zero do not work as it only delay the problem and make it bigger. Now near zero interest rate cannot work lao, and they are all going negative interest rate. With these kind of policy, we are just compounding the problem.

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Usd coming down fast.. Japan already negative rates.. Looks like Fed under pressure n unlikely to increase rates any time soon..

Those seeking to refinance can wait a bit fir banks to normalise ie lower the rates faster .... Hopefully

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Usd coming down fast.. Japan already negative rates.. Looks like Fed under pressure n unlikely to increase rates any time soon..

Those seeking to refinance can wait a bit fir banks to normalise ie lower the rates faster .... Hopefully

 

Usd goes down means can go Amazon shopping.

 

[thumbsup]

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Very cheap now already.

 

1.63% to 1.68% for some packages. How much more are you looking for? 

 

 

 

Usd coming down fast.. Japan already negative rates.. Looks like Fed under pressure n unlikely to increase rates any time soon..
Those seeking to refinance can wait a bit fir banks to normalise ie lower the rates faster .... Hopefully

 

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Good post bro as always!

 

Rates sound attractive at 1.63%. However may have to check the t&c.

Hv a good weekend!!

Thanks bro, more details for you :D

Have a good weekend!

 

http://www.straitstimes.com/business/property/finance-portal-offers-163-mortgage-for-private-properties

 

It is for completed homes, loans of at least $500k and from Feb 15-29

 

 

Owners and buyers of completed or resale private properties can apply for a new mortgage with a 1.63 per cent interest rate.

 

Personal finance portal MoneySmart.sg will offer an OCBC Bank loan from Monday to Feb 29.

 

The fixed deposit-linked package is pegged to a rate of 0.65 per cent plus 0.98 per cent for the first three years on a mortgage of $500,000 and above.

 

The promotional package is linked to the OCBC 36-month fixed deposit mortgage rate, which has typically risen much slower than the key benchmark Sibor and swap offer rate.

 

After the first three years, the rate will switch to 1.5 per cent plus the 36-month fixed deposit mortgage rate.

 

There will also be a one-time free option to convert the loan to another package or to refinance the mortgage if the 36-month rate increases at any time.

 

There is a two-year lock-in period, and applicants refinancing an existing mortgage will also get a $2,000 cash rebate on approval to help defray legal expenses.

 

Applications can be made only on the MoneySmart.sg website, and there is no administrative fee.

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Thanks bro, more details for you :D

Have a good weekend!

 

http://www.straitstimes.com/business/property/finance-portal-offers-163-mortgage-for-private-properties

 

It is for completed homes, loans of at least $500k and from Feb 15-29

 

 

Owners and buyers of completed or resale private properties can apply for a new mortgage with a 1.63 per cent interest rate.

 

Personal finance portal MoneySmart.sg will offer an OCBC Bank loan from Monday to Feb 29.

 

 

 

No wonder their year revenue up so much this year ......... while others all suffered. 

 

:secret-laugh:

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No wonder their year revenue up so much this year ......... while others all suffered.

 

:secret-laugh:

Yes bro, interest rates still very low.

Just lock in for 3 years, peace of mind, sleep well at night, no worries [thumbsup]

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Yes bro, interest rates still very low.

Just lock in for 3 years, peace of mind, sleep well at night, no worries [thumbsup]

Recent yrs lots of turmoil. .. i lock in 2 yrs only
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One of the examples highlighted, the HDB was paid in full (without loans). The owner had 5 private properties.

 

Should we give him chance like warning for him to abuse his HDB for such illegal rentals even though there are no loans?

You know my stance about people using HDBs to profiteer.

I say just confiscate!

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