DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local banks
This comes after both UOB and OCBC raised rates on their home loan packages. OCBC and UOB’s fixed rates for 2-year home loan packages are at 2.65 per cent per annum.
About 3 months ago, the DBS rate was 1.65 per cent for a 2-year fixed loan and 1.85 per cent for 3-year loans.
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Hello12341234 : Higher rate not good for bank? Lesser borrower? Don’t make sense the bank share keep dropping. All banker manipulation
102184601 : Does it means that their Saving Rates also increase?
Milamber Hello12341234 : It should be a good business . People who borrow on banks for mortgage won’t have huge cash to pay off. Loan remains although others commercial loan May gone down.
whqqq : yields spike on Singapore Savings Bonds too
whqqq 102184601 : If the Federal Reserve raises interest rates further, interest rates will rise accordingly. Singapore, being a small and open economy, is highly susceptible to influences by global market movements. This in turn greatly affects its domestic interest rates.