Wyfitms Twincharged February 11, 2016 Share February 11, 2016 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 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
A_korusawa 5th Gear February 11, 2016 Share February 11, 2016 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 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???? Link to post Share on other sites More sharing options...
Showster Twincharged February 12, 2016 Share February 12, 2016 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???? 2 Link to post Share on other sites More sharing options...
A_korusawa 5th Gear February 12, 2016 Share February 12, 2016 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! 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic February 12, 2016 Share February 12, 2016 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] 2 Link to post Share on other sites More sharing options...
Mercs Hypersonic February 12, 2016 Share February 12, 2016 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-163Personal 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. 8 Link to post Share on other sites More sharing options...
Spring Moderator February 12, 2016 Share February 12, 2016 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!! 11 Link to post Share on other sites More sharing options...
Yewheng Twincharged February 12, 2016 Share February 12, 2016 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. 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. 1 Link to post Share on other sites More sharing options...
Ken138 4th Gear February 12, 2016 Share February 12, 2016 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 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 I think the term negative interest rates is so misleading. Why can't the banks pay me to borrow money from them? 4 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 I think the term negative interest rates is so misleading. Why can't the banks pay me to borrow money from them? 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 12, 2016 Share February 12, 2016 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. 4 Link to post Share on other sites More sharing options...
Showster Twincharged February 12, 2016 Share February 12, 2016 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 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic February 13, 2016 Share February 13, 2016 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 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. 7 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 17, 2016 Share February 17, 2016 Thanks bro, more details for you 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. 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic February 17, 2016 Share February 17, 2016 No wonder their year revenue up so much this year ......... while others all suffered. Yes bro, interest rates still very low.Just lock in for 3 years, peace of mind, sleep well at night, no worries 6 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 17, 2016 Share February 17, 2016 Yes bro, interest rates still very low. Just lock in for 3 years, peace of mind, sleep well at night, no worries Recent yrs lots of turmoil. .. i lock in 2 yrs only 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 18, 2016 Share February 18, 2016 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! ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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