Why SIBOR went up?

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Why SIBOR went up?

Postby ngl2010 » Thu Jan 08, 2015 6:04 am

Why SIBOR suddenly went up drastically? Do you think it will go up further?

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Re: Why SIBOR went up?

Postby Rejoin » Thu Jan 08, 2015 6:47 am

Yes, it will go up further. Better not to buy property.

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Re: Why SIBOR went up?

Postby jojoberry » Thu Jan 08, 2015 11:52 am

ngl2010 wrote:Why SIBOR suddenly went up drastically? Do you think it will go up further?


falling oil prices

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Re: Why SIBOR went up?

Postby PIS » Sun Jan 11, 2015 1:07 am

SIBOR up 13.5% but SOR is 233.5%.....therefore....those in SOR may have to think of refinancing....

Monitor Federal Reserve's rate....likely to increase in 2015.

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Re: Why SIBOR went up?

Postby Jennifer » Sun Jan 11, 2015 10:03 am

Read the Sunday Times today, page 27 n 28 .

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Re: Why SIBOR went up?

Postby starlight1968sg » Sun Jan 11, 2015 10:04 am

Jennifer wrote:Read the Sunday Times today, page 27 n 28 .

No papers at home :roll:

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Re: Why SIBOR went up?

Postby Jennifer » Thu Mar 05, 2015 9:50 pm

I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

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Re: Why SIBOR went up?

Postby ngl2010 » Thu Mar 05, 2015 10:53 pm

Jennifer wrote:I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

Jennifer, have you asked other banks for their housing loan interest rate?

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.

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Re: Why SIBOR went up?

Postby Jennifer » Thu Mar 05, 2015 11:13 pm

ngl2010 wrote:
Jennifer wrote:I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

Jennifer, have you asked other banks for their housing loan interest rate?

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.



We just passed the 3 years period. So yet to check with other banks.

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Re: Why SIBOR went up?

Postby dagong99 » Fri Mar 06, 2015 7:06 am

Received interest revision advice from bank yesterday. Up from 1.128% to 1.44%. Up by 0.312%.

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