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After Fed’s price cut, where are Singapore interest levels and mortgages headed?

After Fed’s price cut, where are Singapore interest levels and mortgages headed?

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

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SINGAPORE: property owners longing for some respite from their month-to-month home loan repayments can be set for some frustration, regardless of if a standard regional interest, which numerous mortgage loans are pegged to, has edged down following a recently available price cut by the united states Federal Reserve.

This as some banking institutions have actually started trimming their property loan interest levels as soon as in anticipation of the Fed’s move, market watchers told CNA april. Continue reading