Interest rates & mortgage loans

The U.S. may be on the other side of the world for us here in Singapore, but the impact of the rising US Federal Reserve’s interest rates is not lost on local property buyers.

The benchmark lending rate had, in the most recent increase on Dec 14, gone from 4.25% to 4.5%.

While it may not be exact, the hikes in the US’ interest rates would lead to a similar trajectory in local mortgage rates.

Among the new property cooling measures rolled out this year is the lowered loan-to-value (LTV) limit. These initiatives serve to ensure prudent borrowing for property purchases.

How can you go about buying your new home in this climate? At Wonder Homes, we can help you secure the abode of your wish, without straining your finances. Get in touch with us today!