After Fed’s price cut, where are Singapore rates of interest and mortgage loans headed?

After Fed’s price cut, where are Singapore rates of interest and mortgage loans headed?

After Fed’s price cut, where are Singapore rates of interest and mortgage loans headed?

Residence purchasers seen in the product sales gallery of Treasure at Tampines – the mega condominium development which opened for preview on Mar 15, 2019. (Picture: Jeremy Longer)

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SINGAPORE: property owners longing for some rest from their month-to-month home loan repayments can be set for some dissatisfaction, regardless if a standard local interest rate, which numerous mortgage loans are pegged to, has edged down following a recently available price cut by the usa Federal Reserve.

This as some banking institutions have started cutting their property loan rates of interest as soon as April in expectation regarding the Fed’s move, market watchers told CNA. Read more about After Fed’s price cut, where are Singapore rates of interest and mortgage loans headed?